• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

Gemalto, Thales Aim to Close Acquisition Deal in H2 of 2018

January 12, 2018

Gemalto and Thales have announced that they “are making good progress” on their acquisition deal.Gemalto, Thales Aim to Close Acquisition Deal in H2 of 2018

The companies announced that Gemalto’s leadership had acquiesced to Thales’ acquisition offer toward the end of last year. The deal represented a kind of rescue, arriving as Gemalto had been fending off a hostile acquisition attempt by Atos. That firm had offered EUR 46 for all issued and outstanding Gemalto shares – a sever undervaluation, according to Gemalto’s management – while Thales has offered EUR 51.

Gemalto and Thales’ latest announcement is the result of a condition of that initial agreement, which stipulated that the firms would need to issue a joint update on their progress within four weeks. They now say that Thales expects to submit a request for a review of its acquisition offer to Netherlands regulatory authorities during the week of January 29th, and that both companies expect to close the deal “shortly after Thales has secured all customary regulatory approvals and clearances, which is anticipated in the second half of 2018.”

In their initial acquisition announcement, the companies suggested that their merger will result in a ranking in the top three digital security players in the world, with anticipated revenues of EUR 3.5 billion.

Filed Under: Industry News

Related News & Articles

Another Report Points to Biometric Sensors in Future AirPods

Citibank Taiwan Reports Growing Use of Mobile Banking With Biometric Login

Acuant Partners with InfoComply to Make it Easier for Consumers to Request Privacy Info

Primary Sidebar

Register For the Next Virtual Identity Summit

Register now!

Tweets

Sponsored Links

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi's product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • Onfido Explains How UK Privacy Bill Is ‘Positive Step’ In Global Patchwork
  • Greek Ministry of Digital Governance Delivers On Mobile ID Promise
  • Poll Results Show Android Users’ Surprising Biometric Preferences
  • New UK Border Control Scheme to Require Selfies From EU Visitors
  • IDnow Provides Onboarding Tech for Maritime Employment Service

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2022 MobileIDWorld