Commission approves acquisition of the Netherlands’ Gemalto

EPA-EFE/IAN LANGSDON

Commission approves acquisition of the Netherlands’ Gemalto


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The acquisition of Dutch-registered digital security firm Gemalto by French technology group Thales was approved by the European Commission on December 12, nearly a year after Thales officially launched its bid to buy the Amsterdam-based company for approximately €4.6 billion.

In order to address the EU executive’s concerns over competition, Thales has to divest its division of general purpose hardware security modules (HSMs) marketed under the nShield brand, to a suitable purchaser who will continue to develop the product.

“Today’s decision brings a strong European player to the market and at the same time ensures that customers continue to benefit from fair prices and innovative products despite the concentration. This is because we have linked the approval to the condition that Thales offers corrective measures that fully safeguard competition in this important market, “says European Commissioner for Competition Margrethe Vestager.

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