Thales is acquiring Gemalto for 4.8 billion euro, or $5.6 billion, the companies announced on Dec. 17. The deal is expected to close sometime in the second half of 2018, after it clears customary approvals.
French technology provider Thales primarily serves the defense, aerospace and transport industries. Amsterdam-based Gemalto is a cybersecurity company with a global footprint and whose customers include Amazon Web Services and Verizon.
Beyond biometrics, multifactor authentication and trusted identity solutions that enable businesses to provide their employees with secure access to corporate data, Gemalto also has its sights set on delivering security solutions for the fast-growing Industrial Internet of Things market.
"Together with Gemalto's management, we have big ambitions based on a shared vision of the digital transformation of our industries and customers. Our project will be beneficial to innovation and employment, whilst respecting sovereign strategic technologies," said Thales CEO Patrice Caine, in a press advisory. "We have a tremendous respect for Gemalto's technological achievements, and our two Groups share the same culture and DNA."https://o1.qnsr.com/log/p.gif?;n=203;c=204660766;s=9477;x=7936;f=201812281312070;u=j;z=TIMESTAMP;a=20392931;e=i
After the transaction is complete, the Gemalto brand will live on.
"Thales will combine its digital businesses into Gemalto, which will continue to operate under its own brand as one of the seven Thales global business units," stated the companies in the joint announcement. "Both the Thales and Gemalto management teams share a common industrial vision and endorse the growth project of this newly created digital security global business. Philippe Vallée will lead the combined digital security business."
2017 has been a big year in cybersecurity acquisitions.
In June, Microsoft announced that it had snapped up security automation and orchestration specialist Hexadite. Although the deal's financial terms were not officially disclosed, reports pegged the transaction's value at $100 million.
In March, CA Technologies announced it was acquiring Veracode, a secure DevOps services provider, for $614 million.
"This acquisition will unify CA's Security and DevOps portfolios with a SaaS-based platform that seamlessly integrates security into the software development process," said CA's chief product officer Ayman Sayed in a statement. "This acquisition will unify CA's security and DevOps portfolios with a SaaS-based platform that seamlessly integrates security into the software development process."
Pedro Hernandez is a contributing editor at Enterprise Storage Forum. Follow him on Twitter @ecoINSITE.