Thales to buy Gemalto
- Auteur:Ella Cai
- Relâchez le:2017-12-18
Thales is to buy Gemalto for €4.8 billion after topping a €4.3 billion offer made by Atos.
“Combined with Gemalto’s unique leading digital security portfolio, Thales will be ideally positioned to offer an end-to-end solution, to secure the full critical digital decision chains, from data creation in sensors to real-time decision making,” said a joint statement.
Gemalto is the world’s largest producer of SIM cards which account for a third of its business.
Gemalto has given three profits warnings in six months as the smartcard market slows..
Both companies have large government shareholdings
The aim is to create a “world leader in digital technology” with sales of €3.5 billion.
Thales and Gemalto said their digital security operations would deliver cost synergies €100-150 million and by 2021, however Thales said employment levels would be maintained at current levels until at leat 2019.
The Thales offer of €51 per share was 57% above the share price before the offer was known.
Gemalto has debt of €800 million.
“Combined with Gemalto’s unique leading digital security portfolio, Thales will be ideally positioned to offer an end-to-end solution, to secure the full critical digital decision chains, from data creation in sensors to real-time decision making,” said a joint statement.
Gemalto is the world’s largest producer of SIM cards which account for a third of its business.
Gemalto has given three profits warnings in six months as the smartcard market slows..
Both companies have large government shareholdings
The aim is to create a “world leader in digital technology” with sales of €3.5 billion.
Thales and Gemalto said their digital security operations would deliver cost synergies €100-150 million and by 2021, however Thales said employment levels would be maintained at current levels until at leat 2019.
The Thales offer of €51 per share was 57% above the share price before the offer was known.
Gemalto has debt of €800 million.
