Contact us
Company: Excellent Integrated System Limited
Contact person: Ella Cai
Email: [email protected][email protected]
Skype: sales009-EIS
Phone: 0086-755-23611101
Fax: 0086-755-61679009-109
Contact Now
Home > News > Company News > Thales to buy Gemalto

Thales to buy Gemalto

  • Author:Ella Cai
  • Release on: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.