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Security

Thales-Gemalto deal clears US hurdle

06 March 2019

Thales moved closer to completing its acquisition of Gemalto on 1 March, after the anti-trust division of the US Department of Justice (DOJ) cleared the deal.

By the end of 2018, when it obtained European regulatory approval, Thales had received 11 of the 14 necessary permissions to complete the Gemalto acquisition, which was announced in December 2017.

The addition of Gemalto is expected to add EUR3 billion (USD3.4 billion) in revenues for Thales – but the DOJ and the European Commission ruled that it can only proceed if Thales sells its General Purpose Hardware Security Module business.

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To contact the author of this article, email Ben.Vogel@ihsmarkit.com


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