Patrice Caine, Thales chairman and chief executive, said the acquisition represents a key milestone in the expansion of Thales' core business, combining Gemalto with management strengths such as finance, mobile communications, enterprise security and the Internet of Things to enable the company to assist industry and its customers Digital transformation very confident.
Over the past three years, Thales has significantly increased its investment in digital technologies by investing more than EUR 1 billion in connectivity, cybersecurity, data analytics and artificial intelligence, with particular emphasis on acquiring companies such as Sysgo, Vormetric and Guavus, More energy and more Thales digital layout strategy to help Thales digitize more services in five vertical markets: aerospace, space, ground transportation, defense and security.
In fact, both Thales and Gemalto are experts in addressing data security challenges, providing solutions needed for critical infrastructure like banks, telecom companies, government, utilities and general industries, etc. The acquisition will accelerate the pace of Thales globalization In addition, both Gemalto and Thales are technology-focused companies with world-class research and development capabilities and a broad patent portfolio from the research and development perspective and will continue to develop digital security businesses to meet the needs of all customers for digital security in the future .
The acquisition is expected to add over 3 billion euros in revenue to Thales digital sales while improving solutions for both companies that include security software, biometrics, Multifactor Authentication, and Issuance of Secure Digital and Physical Credentials; these solutions will be presented in a variety of use cases and are expected to generate significant business opportunities and cost synergies in the future, resulting in significant revenue.