December 17, 2017 / 8:38 AM / a month ago

French aerospace giant Thales agrees acquisition of Gemalto - statement

PARIS, Dec 17 (Reuters) - French aerospace and defence technology group Thales has agreed to buy chipmaker Gemalto at a price of 51 euros per share, with the aim of creating a “world leader in digital security”, the companies said in a joint statement on Sunday.

The cost represents a 57 percent premium over Gemalto’s closing price as of Dec. 8, the statement said.

“The acquisition of Gemalto marks a key milestone in the implementation of Thales’s strategy,” Thales Chairman and CEO Patrice Caine said. (Reporting by Gus Trompiz, writing by Gareth Jones, editing by Larry King)

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