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The logo of the French electronics and defense group Thales is visible at the company's headquarters in Mérignac, near Bordeaux, on March 22, 2019. REUTERS / Regis Duvignau
PARIS (Reuters) – France's aerospace and defense electronics group, Thales, has announced that it has finalized the acquisition of the previously announced Gemalto chipset worth € 4.8 billion, reinforcing Thales's presence. in the rapidly expanding security services market.
Thales had to remove several regulatory hurdles before finally finalizing the transaction and reiterated that the Gemalto purchase would increase its overall revenue and strengthen its presence in Latin America, North America and Asia.
"Together, we are creating a digital identity and security giant with the capabilities to compete in the big leagues of the world," said Thales President and CEO Patrice Caine in a statement. .
Reportage of Jean-Michel Belot; Edited by Sudip Kar-Gupta
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