Thales: EU authorises acquisition of Gemalto on conditions

(CercleFinance.com) - The European Commission has authorised Thales' acquisition of Gemalto, subject to Thales divesting its general purpose safety equipment modules business.


Today's decision follows a thorough investigation into Thales' proposed acquisition of Gemalto.

Commissioner Margrethe Vestager, in charge of competition policy, said: "The importance of data security solutions to protect critical social, commercial or personal information is increasing. Today's decision allows the creation of a strong European player in this market, while still ensuring that the merger will not prevent customers from continuing to enjoy fair prices and innovative products. This is because we have approved the deal subject to Thales' offer of a strong remedy that will fully preserve competition on this important market."



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