• 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

IDEMIA banner
  • 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

Thales, Gemalto Obtain DoJ Clearance for Merger

March 4, 2019

“The approval is dependent on Thales’ agreement to sell off its Hardware Security Modules business, a condition that was also set by other regulatory authorities, perhaps most notably the European Commission.”

Thales, Gemalto Obtain DoJ Clearance for Merger

Thales and Gemalto are now on the cusp of sealing the deal for their proposed merger: The companies have announced that Thales’ offer to acquire Gemalto has now received the approval of the United States Department of Justice’s Antitrust Division, subject to court approval.

The approval is dependent on Thales’ agreement to sell off its Hardware Security Modules business, a condition that was also set by other regulatory authorities, perhaps most notably the European Commission. Thales and Gemalto together make up a substantial portion of Europe’s HSM market.

In a statement announcing the DoJ approval, Thales and Gemalto asserted that it “will allow the companies to proceed with the Offer,” adding later that they expect the deal to close this month.

The companies had initially aimed to complete their merger in the second half of 2018, but pushed back the acquisition offer’s deadline after the European Commission announced it would launch an in-depth antitrust investigation. In recent months, Thales and Gemalto have been consistent in their prediction that they would obtain all the needed regulatory approvals to close the deal in the first quarter of this year, an ambition that appears to be within reach.

Filed Under: Industry NewsTagged With: antitrust, corporate news, Department of Justice, European Commission, Gemalto, Hardware Security Modules, HSMs, mergers, mergers and acquisitions, regulatory issues, Thales

Related News & Articles

Samsung Enables Face Unlock on Galaxy S10 5G

ID2020 Advisor Questions Corporate Interests in Resignation Letter

Onfido Wins InfoSec Award for Fraud Prevention

Primary Sidebar

Aware Visitor Management

Register For the FindBiometrics Identity Summit

FacePhi Selphi

Tweets

FacePhi Selphi

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/
Aware Knomi

Recent Posts

  • Crédit Agricole Launches Biometric Cards Featuring FPC Tech
  • Yoti Reaches Download Milestone for Mobile ID Solution
  • New Partnership Brings FacePhi’s Selfie Onboarding Tech to Vietnam
  • INTERVIEW: ImageWare CEO Krstin Taylor Discusses Strategy, the Pandemic, Bias, Civil Rights, and More
  • BONAFiDEE Adds Liveness Detection to Visual Biometric Verification Solution
Aware ABIS webinar

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives

Follow Us

Copyright © 2021 MobileIDWorld