Thales has bought European SIM manufacturer Gemalto bettering 46-euro share bid by another French firm Atos.
The aerospace giant paid 51 euros ($60) a share for Gemalto, a premium of 57 percent over the closing price on December 8, Thales said in a statement Sunday.
Gemalto rejected Atos bid offer on Wednesday.
The Thales offer showed that it valued the world-leading chipmaker at about 4.8 billion euros.
The deal is expected to close in the second half of 2018, but can be terminated before then if Gemalto receives a bid that is at least nine percent higher than Thales's offer price.
The new division will focus on security software, biometrics, multifactor authentication and issuing secure electronic and physical ID cards, the company said.
Thales has undertaken the integration of a remotely operated turret and surveillance system for the Kuwait Ministry of Interiors armoured patrol vehicles. All vehicles will be ready for operations by the end of 2017
Thales plans to establish a dedicated United Arab Emirates Defence Service Centre in Abu Dhabi to provide training and transfer of knowledge to UAE Armed Forces. The new Service Centre will serve all divisions of the UAE Armed Forces and will span across the entire Thales portfolio of solutions
Thales and PAL Aerospace are unveiling the Force Multiplier, an aircraft with an endurance of more than 10 flight hours at Dubai Airshow starting on November 12. The aircraft is specifically designed to provide an operational service that meets the immediate needs of both government and private customers in terms of maritime and ground surveillance
Three French aviation companies have been fined a total of 227 million euros ($268 million) in Taiwan over a commercial dispute dating back to 1992, the companies announced. Dassault Aviation said it was fined 134 million euros; avionics and systems manufacturer Thales was hit with a fine of 64 million euros; and engine maker Safran was ordered to pay 29 million euros, the groups said in statements released separately late Wednesday
The French company Thales is offering a lightweight, compact active array radar for Indias Tejas Light Combat Aircraft (LCA), dubbed Tejas Mark-IA. Thales radar is an advanced Fire Control Radar (FCR) designed for air-to-air superiority and strike missions, based on fully solid-state Active Electronically Scanning Array (AESA) technology, enabling the radar to achieve long detection ranges, high mission reliability and multi-target tracking capabilities
Gamekeeper holographic radar developed by Aveillant, a Thales company, will be part of the Royal International Air Tattoo (RIAT), which takes place at Royal Air Force (RAF) Fairford in Gloucestershire from 13-15 July, to track all the high-speed manoeuvring jets taking part in flight demonstrations. Gamekeeper radar, designed primarily to detect and track small unmanned air vehicles (drones), also has the capacity to detect and track the aerobatic performances of fast jets, giving full 3D location, speed and heading
The Indian Air Force has issued a Request for Proposal (RFP) to procure 83 Tejas light combat aircraft valued at an approximate Rs 50000 crore (US $7.8 billion) from state-run Hindustan Aeronautics (HAL)
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