Story image

Thales extends offer acceptance period for Gemalto acquisition

13 Aug 18

Thales and Gemalto have confirmed that pursuant to an exemption granted by the Dutch financial markets authority (AFM) on August 9, 2018, the Acceptance Period for the acquisition of Gemalto is further extended by Thales.

The Acceptance Period is further extended because, as previously announced, the Offer Condition with respect to the obtaining of all Regulatory Clearances will not be fulfilled by August 15, 2018.

Thales and Gemalto are seeking Regulatory Clearances from the competent antitrust authorities in Australia, in China, for the European Union, in Israel, in Mexico, in New Zealand, in Russia, in South Africa, in Turkey and in the United States.

In addition, Thales and Gemalto are seeking CFIUS approval in the United States and Regulatory Clearances relating to foreign investments from the competent authorities in Australia, Canada and Russia.

At this point, Thales and Gemalto have obtained 3 of these 14 authorisations: anti-trust clearances in China and Israel, and clearance relating to foreign investments in Australia.

Thales and Gemalto continue to work constructively with the competent authorities to obtain the Regulatory Clearances in the remaining jurisdictions.

Thales and Gemalto will inform the market each time a Regulatory Clearance has been obtained.

As expected, the transaction should close shortly after all of the Regulatory Clearances have been secured, which should occur before the end of 2018.

Under the proposed merger, Gemalto will keep its brand and existing employee rights.

Thales and Gemalto will combine their assets and increase R&D expenses.

Current Gemalto CEO Philippe Vallée will lead a newly-created ‘digital security’ global business unit.

According to the two companies, Thales will be ‘ideally positioned’ to offer end-to-end solutions in conjunction with Gemalto’s digital security portfolio.

Thales believes the combined portfolio will allow the companies to deliver seamless responses to data security challenges that face enterprises and government agencies.

The company has invested more than €1 billion in cybersecurity, artificial intelligence and data analytics.

The company says Gemalto will generate €3 billion in revenue across its five vertical markets.

JASK prepares for global rollout of their AI-powered ASOC platform
The JASK ASOC platform automates alert investigations, supposedly freeing the SOC analyst to do what machines can’t. 
Pitfalls to avoid when configuring cloud firewalls
Flexibility and granularity of security controls is good but can still represent a risk for new cloud adopters that don’t recognise some of the configuration pitfalls.
CERT NZ highlights rise of unauthorised access incidents
“In one case, the attacker gained access and tracked the business’s emails for at least six months. They gathered extensive knowledge of the business’s billing cycles."
Report finds GCSB in compliance with NZ rights
The Inspector-General has given the GCSB its compliance tick of approval for the fourth year in a row.
Securing hotel technology to protect customer information
Network security risks increase exponentially as hotels look to incorporate newer technologies to support a range of IoT devices, including smart door locks.
Why total visibility is the key to zero trust
Over time, the basic zero trust model has evolved and matured into what Forrester calls the Zero Trust eXtended (ZTX) Ecosystem.
Gartner names Proofpoint Leader in enterprise information archiving
The report provides a detailed overview of the enterprise information archiving market and evaluates vendors based on completeness of vision and ability to execute.
WatchGuard appoints new channel distributors in A/NZ
The appointments will enable WatchGuard to expand its regional channel reseller footprint.