• 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 Merger Gets OK from EU After Thales Agrees to Divest HSM Business

December 12, 2018

Gemalto and Thales have cleared what was perhaps the highest hurdle in their pursuit of a merger, announcing in a new statement that the European Commission has granted them “merger control Regulatory Clearance”.

Thales had first made its all-cash offer to acquire Gemalto in the spring of this year, but was compelled to push back its deadline for the acceptance period after the European Commission announced in July that it was launching an in-depth antitrust investigation into the proposed deal, on the grounds that Gemalto and Thales are both major providers of Hardware Security Modules to the European Union market. In announcing that the deal has now attained clearance from the European Commission, the companies noted that it was approved “following Thales’s commitment to divest its general purpose hardware security modules (GP HSM) business globally… to a suitable purchaser,” noting that the business line generated 90 million euros in revenues last year.

The development comes after Gemalto and Thales obtained antitrust clearances from authorities in China, Israel, South Africa, and Turkey, as well as foreign investment clearances from authorities in Australia, Canada, and the US.

The companies say they now have eight of the 14 clearances needed to proceed with their merger, and that they expect to attain the reminder and close the deal before the end of the first quarter of 2019. Clearances are still needed from antitrust authorities in Australia, Mexico, New Zealand, Russia, and the US, and from a foreign investment authority in Russia.

Filed Under: Industry News Tagged With: antitrust, corporate news, European Commission, European Union, Gemalto, Hardware Security Modules, HSMs, mergers, mergers and acquisitions, regulatory issues, Thales

Related News & Articles

Intel Issues 2017 Digital Threat Predictions

IDology Sounds Alarm About Account Opening Fraud

Microsoft’s Surface Pro 4 Type Cover Available in 26 New Markets

Primary Sidebar

Register For the Next Virtual Identity Summit

Travel & Hospitality Biometrics Online 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

  • Thales Details Commercial and Convenience Benefits of Digital IDs
  • Digital Transformation Specialist Innominds Acquires Nymi
  • California DMV in Talks With Vendors About Mobile ID: Report
  • Maryland Lets Residents Add Digital IDs to Apple Wallet
  • Humanode Offers $30,000 in Prizes for Upcoming Hackathon

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