French aerospace group Thales buys cybersecurity specialist Gemalto

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Thales, which manufactures electrical systems for the aerospace and security markets and in which the French state owns a 25% stake, offered 4.76 billion euros for Dutch cybersecurity firm Gemalto and announced that no jobs are expected to be lost in the takeover.

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French aerospace specialist Thales SA knocked out Atos SE’s unsolicited attempt to buy Dutch cybersecurity provider Gemalto SA, outbidding the rival with a cash offer valued at 4.76 billion euros ($5.6 billion) that won backing from the target company, reports Bloomberg.