October 23, 2018

October 23, 2018

Subscribe to Latest Legal News and Analysis

October 22, 2018

Subscribe to Latest Legal News and Analysis

Upcoming CFIUS Filing: Thales SA (France) and Gemalto N.V. (Netherlands)

Status: Upcoming

Acquirer: Thales SA (France)

Acquired: Gemalto N.V. (Netherlands)

Value: €4.8 Billion (US$5.6 Billion)

Industry: Software; Infrastructure Software


On Dec. 17, 2017, Thales SA, a French aerospace and defense company that is partly owned by the French government, announced that it has reached an agreement “on a recommended all-cash offer for all issued and outstanding ordinary shares of Gemalto, for a price of €51 per share cum dividend.” (Thales Press Release, Thales and Gemalto Create a World Leader in Digital Security, Dec. 17, 2017See alsoFinancial Times, Thales wooed Gemalto with promises to create digital unit, Dec. 18, 2017.) The French government owns 26 percent of Thales’ shares, and controls five seats on the 14-member board. (Financial Times, Thales wooed Gemalto with promises to create digital unit, Dec. 18, 2017.)  Gemalto N.V., a Dutch digital security company, “is the world’s largest maker of chips for mobile phone SIM cards,” and also provides data encryption services as well as biometric passports. (Financial Times, Thales wooed Gemalto with promises to create digital unit, Dec. 18, 2017See alsoReuters, Thales agrees 4.8 billion euro Gemalto takeover, Atos throws in towel, Dec. 17, 2017.)  According to Patrice Caine, the CEO of Thales, “Gemalto will become the digital global business unit of Thales,” and Thales “hopes to tap Gemalto’s technological expertise in areas such as payments, ‘internet of things’ and security.” (Financial Times, Thales wooed Gemalto with promises to create digital unit, Dec. 18, 2017.)  According to the Financial Times, “[t]he acquisition, which is expected to close in the second half of 2018, must still be approved by the Committee of Foreign Investment in the United States.” (Id.)

© Copyright 2018 Squire Patton Boggs (US) LLP

TRENDING LEGAL ANALYSIS


About this Author

We employ a comprehensive approach when it comes to our International Trade practice. We focus on global import and export compliance, international trade policy and market access and trade remedies/defense. Our lawyers practice international trade law in almost every country where we have an office, and our full-time practitioners operate out of our Washington DC, London and Brussels offices.

We offer a “one-stop” service encompassing international trade compliance and policy acumen to make necessary judgments while operating effectively in a...

202-626-6234