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European Commission Grants Thales, Gemalto Regulatory Clearance

This clearance is effective immediately.

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By: Anthony Locicero

Copy editor, New York Post

Thales and Gemalto jointly announced that they were granted merger control regulatory clearance by the European Commission following Thales’s commitment to divest its general purpose hardware security modules (GP HSM) business globally to a suitable purchaser.
 
This clearance is effective immediately.
 
Together with the merger control clearances obtained in China, Israel, South Africa and Turkey, and clearances relating to foreign investments in Australia, Canada and the USA (CFIUS), Thales and Gemalto have now obtained 8 of the required 14 Regulatory Clearances.
 
Thales and Gemalto continue to work constructively with the competent antitrust authorities to obtain the remaining Regulatory Clearances in Australia, Mexico, New Zealand, Russia and the U.S.
 
In addition, Thales and Gemalto are seeking Regulatory Clearance relating to foreign investments from the competent authority in Russia.
 
The transaction should close shortly after all of the Regulatory Clearances have been secured, which is expected to occur in the first quarter of 2019.
 
Further announcements will be made if and when a Regulatory Clearance has been obtained or the offer condition with respect to regulatory clearances is satisfied, waived or has become incapable of being satisfied, or as otherwise required by applicable law.
 

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