Home / TechnologyNews / French aerospace giant Thales agrees acquisition of Gemalto: statement

French aerospace giant Thales agrees acquisition of Gemalto: statement

PARIS (Reuters) – French aerospace and defense technology group Thales has agreed to buy chipmaker Gemalto at a price of 51 euros per share, with the aim of creating a “world leader in digital security”, the companies said in a joint statement on Sunday.

The cost represents a 57 percent premium over Gemalto’s closing price as of Dec. 8, the statement said.

“The acquisition of Gemalto marks a key milestone in the implementation of Thales’s strategy,” Thales Chairman and CEO Patrice Caine said.

Reporting by Gus Trompiz, writing by Gareth Jones, editing by Larry King

About admin

Check Also

Twitter may notify users exposed to Russian propaganda during 2016 election

WASHINGTON (Reuters) – Twitter may notify users whether they were exposed to content generated by …

Leave a Reply

Your email address will not be published. Required fields are marked *