Thales and Gemalto create a world leader in digital security


Thales (Paris, France) and Gemalto (Amsterdam, The Netherlands) have announced that they have reached an agreement on a recommended all-cash offer for all issued and outstanding ordinary shares of Gemalto, for a price of €51 per share cum dividend.

Patrice Caine, Thales’s chairman and CEO, commented: “The acquisition of Gemalto marks a key milestone in the implementation of Thales’s strategy. Together with Gemalto’s management, we have big ambitions based on a shared vision of the digital transformation of our industries and customers.Our project will be beneficial to innovation and employment, whilst respecting sovereign strategic technologies. We have a tremendous respect for Gemalto’s technological achievements, and our two groups share the same culture and DNA.I would like to personally thank Gemalto’s management and board of directors for their unanimous support and I welcome warmly Gemalto’s 15 000 employees to our group. By combining our talents, Thales and Gemalto are creating a global leader in digital security. ”
Philippe Vallée, Gemalto’s CEO, added: “I am convinced that the combination with Thales is the best and the most promising option for Gemalto and the most positive outcome for our company, employees, clients, shareholders and other stakeholders. We share the same values and Gemalto will be able to pursue its strategy, accelerate its development and deliver its digital security vision, as part of Thales.”

By acquiring a global leader in trusted identities and data security, Thales adds over €3bn of revenue to its digital business sales and acquires a set of technologies and competencies that have applications in all of Thales’s five vertical markets. The combination is expected to create a powerhouse with a solution portfolio including security software, expertise in biometrics and multifactor authentication and the issuance of secure digital and physical credentials. These technologies, which combine diverse and constantly evolving use cases, are expected to yield significant commercial opportunities and revenue synergies in the years ahead.

Caption: Philippe Vallée, CEO at Gemalto (photo: Gemalto)

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