Thales

Thales Updates Fiscal Prospects After Acquisition of Gemalto

Thales Updates Fiscal Prospects After Acquisition of Gemalto

“This acquisition represents a powerful accelerator of the strategy we have been implementing since 2015; by providing a unique range of digital technologies and skills, it strengthens the differentiation of our solutions and positions us as partner in the digital transformation of our customers.” – Patrice Caine, CEO, Thales In the wake of its acquisition…

Gemalto to Provide Biometric Database Systems to Canadian Defense Dept.

Gemalto to Provide Biometric Database Systems to Canadian Defense Dept.

“Both of the AFIS systems will be developed by Gemalto, and the company says that they may eventually also feature support for additional biometric modalities including facial recognition and DNA.” Gemalto has won a big new security contract with the Canadian government. The company has announced that it will provide the country’s Department of National…

NatWest Starts Biometric Payment Card Trial

NatWest Starts Biometric Payment Card Trial

“The trial program is a significant development for Fingerprint Cards, which has looked to the emerging biometric payment cards market as an important new business area… “ The UK bank NatWest has started its trial of biometric payment cards, and Fingerprint Cards technology is playing a role, the latter has announced. News that NatWest would…

Gemalto Reports Strong Growth from Identity, IoT, and Cybersecurity Activities in Fiscal Update

Gemalto Reports Strong Growth from Identity, IoT, and Cybersecurity Activities in Fiscal Update

Gemalto has issued its year-end results for 2018, showing modest growth despite declining revenues from its removable SIM business activities. The company reports revenues of €2,968,700,000 for the fiscal year, down slightly from 2017’s revenues of €2,971,700,000. But its net result, adjusted for the European Union’s International Financial Reporting Standards, came in at €211 million,…

European Commission Grants Merger Control Regulatory Clearance to Thales and Gemalto

European Commission Grants Merger Control Regulatory Clearance to Thales and Gemalto

Gemalto and Thales have cleared what was perhaps the highest hurdle in their pursuit of a merger, announcing in a new statement that the European Commission has granted them “merger control Regulatory Clearance”. Thales had first made its all-cash offer to acquire Gemalto in the spring of this year, but was compelled to push back…

South Africa’s Competition Commission Grants Clearance For Thales and Gemalto Merger

South Africa’s Competition Commission Grants Clearance For Thales and Gemalto Merger

Just a week after pushing back the anticipated close of their merger deal, Thales and Gemalto have announced that they’ve obtained another regulatory clearance needed for the project. The latest is from South Africa’s Competition Commission, the seventh of 15 approvals needed from regulatory authorities around the world in order for Thales to proceed with…

Thales and Gemalto Expect Merger Deal to Close in Q1 2019

Thales and Gemalto Expect Merger Deal to Close in Q1 2019

The leadership at Gemalto and Thales are adjusting their expectations with respect to their proposed merger, announcing that they now expect the deal to close in the first quarter of 2019. The announcement comes after the news that the US Committee on Foreign Investment had given the merger its thumbs-up last month, marking the 6th…

Thales’ Gemalto Acquisition Cleared by Committee on Foreign Investment in the United States.

Thales’ Gemalto Acquisition Cleared by Committee on Foreign Investment in the United States.

“They have also received antitrust clearances from China, Israel, and Turkey; all told, they have received six of the 14 regulatory clearances needed from authorities around the world in order for the merger to happen.” Thales and Gemalto have cleared another major hurdle as they race toward their desired merger: Thales’ acquisition of Gemalto has…

Thales Has Made a Deal to Acquire Gemalto

Thales Has Made a Deal to Acquire Gemalto

French industrial engineering company Thales has made a deal to acquire Gemalto. The deal arrived as Gemalto’s management was facing down a hostile acquisition attempt from Atos, which had offered EUR 46 for any issued and outstanding shares in the company, a price that Gemalto said significantly undervalued the company. Thales has offered EUR 51…

Thales Airport Solution Has Robot Check Biometrics

Thales Airport Solution Has Robot Check Biometrics

New technology demonstrated at last week’s Paris Air Show could drastically automate passenger processing at airports. Developed by French industrial engineering group Thales, the technology is essentially a robot that would screen and check-in air travel passengers. The machine is able to use biometric technology to scan the faces on passports as well as the…