Thales completes acquisition of Gemalto
This acquisition will increase Thale's revenues to €19 billion and R&D budget to €1 billion a year
Thales has completed the acquisition of Gemalto, creating a global giant in digital identity and security. This acquisition increases Thales’s revenues to €19 billion and its R&D war chest to €1 billion a year, with 80,000 employees in 68 countries. Having added Gemalto, Thales will cover the entire critical decision chain in a digital world, from data generation via sensors, to real-time decision support.
“With Gemalto, Thales has acquired a set of highly complementary technologies and competencies with applications in all of our five vertical markets, which are now redefined as aerospace, space, ground transportation, digital identity and security, and defence and security,” said Patrice Caine, chairman and CEO, Thales.
The combination creates a group with a wide portfolio of digital identity and security products based on technologies such as biometry, data protection, and, more broadly, cybersecurity. Thales will thus provide a wide range of services to customers, including critical infrastructure providers such as banks, telecom operators, government agencies and utilities among other industries.
With €1 billion a year devoted to self-funded R&D, the new group will bring together 3,000 researchers and 28,000 engineers dedicated to R&D with a portfolio of 20,500 patents, of which more than 400 new ones were registered in 2018.
Following this acquisition, Gemalto will form one of Thales’s seven global divisions, to be named Digital Identity and Security (DIS). Gemalto will interact with all of the group’s civil and defence customers and is expected to strengthen its industrial presence in 68 countries. Thales will considerably expand its operations in Latin America (2,500 employees, up from 600), triple its presence in Northern Asia (1,980, from 700), Southeast Asia (2,500, from 800) and India (1,150, from 400) and North America (6,660 employees, up from 4,600).