Thales Spends £4.8Bn To Deliver Full - Range Cybersecurity
The French defence giant Thales has now completed the €4.8 billion ($5.7bn) acquisition deal with Gemalto the Dutch chip-maker. The aim of the deal for Thales is to create a global leader in digital security. Part of the aim of the deal is to give Thales complete end-to-end cyber security for the Internet of Things, cloud and mobile security.
The addition of Gemalto will also aim to develop secure solutions to address the major challenges such as unmanned air traffic management, data and network cybersecurity, airport security and financial transaction security as part of a €1 billion self-funded R&D function.
The take-over of the company by Thales was first begun in December 2017, and they said it will give Thales a portfolio of digital identity and security solutions based on technologies such as data protection, biometry, and cybersecurity.
Gemalto will be part of Thales’s seven global divisions, named “Digital Identity and Security” and they interact with Thales civil and defense customers.
Patrice Caine, Chairman and CEO, Thales, said: “With Gemalto, a global leader in digital identification and data protection, Thales has acquired a set of highly complementary technologies and competencies with applications in all of our five vertical markets.
“Together, we are creating a giant in digital identity and security with the capabilities to compete in the big leagues worldwide.”
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