Thales Group, a multinational designer and builder of electrical systems for the aerospace industry, has announced the completed acquisition of Gemalto, a Netherlands-based digital security firm, for €4.8bn.
In its press release, Thales said the acquisition will enable it to become a global leader in digital identity and security with a workforce of 80,000 staff.
“With Gemalto, a global leader in digital identification and data protection, Thales has acquired a set of highly complementary technologies and competencies with applications in all of our five vertical markets, which are now redefined as aerospace; space; ground transportation; digital identity and security; and defence and security,” said Patrice Caine, Chairman and CEO of Thales, in the press release.
“These are the smart technologies that help people make the best choices at every decisive moment. The acquisition is a turning point for the Group's 80,000 employees. Together, we are creating a giant in digital identity and security with the capabilities to compete in the big leagues worldwide."
The combined portfolio of digital identity and security solution is “unrivalled”, according to Thales, and includes technologies based on biometry, cybersecurity and data protection which will enable it to provide end-to-end security services to clients.