Thales beats Atos to Gemalto acquisition, merger deal worth €4.8bn

By Johan De Mulder

Thales has agreed a €4.8bn deal to acquire the struggling digital security firm Gemalto.

Gemalto was subject to an offer worth €4.3bn from rival Atos last week but a merger has now been agreed with Thales, the leading French electrical systems designer.

In a statement, both companies said they believe that the new entity will be a global leader in the digital security market, 'supporting the most demanding clients in their digital transformation'. 

See also:

The deal, which is expected to close in the second half of 2018, isn't expected to lead to job losses at either company and is set to create €150mn worth of cost synergies by 2021.

"The acquisition of Gemalto marks a key milestone in the implementation of Thales’s strategy," said its Chairman and Chief Executive Officer Patrice Caine. "Together with Gemalto’s management, we have big ambitions based on a shared vision of the digital transformation of our industries and customers."

Gemalto, a digital security specialist headquartered in Amsterdam, has suffered a turbulent year with four profit warnings leading to a share price drop of 38%.

Its own CEO Philippe Vallée 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."


Featured Articles

Musk’s multibillion hostile Twitter takeover – the timeline

As billionaire entrepreneur Elon Musk buys Twitter for US$44bn, we draw up a timeline, from the buying of shares to the critical tweets and unsolicited bid

Sustainable moves businesses can make to win customers, IBM

With half of consumers saying environmental sustainability is more important today than a year ago, businesses should up their eco action, says IBM report

Banks and consultancies top workplaces to grow career in UK

Financial and professional services firms rank highest in LinkedIn Top 25 best workplaces list – from Barclays, Lloyds and HSBC, to PwC, Deloitte and EY

Top 10 women in technology in Europe

Leadership & Strategy

The value of ESG links sustainability to business returns


Top 10 European football clubs by revenue 2022 – Deloitte

Corporate Finance