Digital security solutions provider Gemalto has decided to a&nbsp€51 per share acquisition offer from French aerospace and defense group Thales &mdash inside a deal worth around $5.43BN.

The unanimously board approved all-cash offer represents reasonably limited of 57% within the closing cost of Gemalto stock by 8 December 2017.

Inside a statement today recommending Thales&rsquo offer, Chief executive officer Philippe Vall&eacutee stated: &ldquoI am believing that the mixture with Thales is the greatest and also the most promising choice for Gemalto and also the most positive outcome for the company, employees, clients, shareholders along with other stakeholders,&rdquo adding it would enable Gemalto to &ldquoaccelerate its development and deliver its digital security vision&rdquo.

A week ago the Gemalto board rejected a €46 per share offer from French IT services company Atos, saying it considerably undervalued the organization.

Gemalto is really a major producer of Sims and NFC for cell phones but additionally provides secure transaction methods to banks, including EMV nick cards, payment terminals and user authentication systems for internet banking, for example one-time token generating hardware devices for 2FA. Additionally, it sells identity and access control methods to the general public sector, including biometric authentication technologies for government-issued ID documents for example passports.

Another branch of their clients are in enterprise security, including file encryption and cloud security services.&nbspIt also plays online of products space &mdash offering connectivity, security and monetization services.

The Thales Group, which concentrates on aerospace, defense, space and transportation, also operates a burglar division offering solutions in areas for example information system operations, airport terminal home security systems and&nbspcryptology and security architectures for giant data. This is when it&rsquos intending Gemalto to fit in.

Patrice Caine, Thales&rsquos chairman and Chief executive officer, stated the happy couple&rsquos aim is to produce a world leader in digital security.

&ldquoThe purchase of Gemalto marks a vital milestone within the implementation of Thales&rsquos strategy,&rdquo he stated inside a statement. &ldquoTogether with Gemalto&rsquos management, we’ve big ambitions with different shared vision from the digital transformation in our industries and customers. Our project is going to be advantageous to innovation and employment, although respecting sovereign proper technologies.&rdquo

In the last 3 years, Thales states it’s ramped up its&nbspfocus on digital technologies &mdash noting it’s invested greater than &euro1BN in connectivity, cybersecurity, data analytics and artificial intelligence (including obtaining Sysgo, Vormetric and Guavus).

It adds the integration of Gemalto &ldquostrongly accelerates&rdquo this tactic, reinforcing its digital offering across its five vertical markets.

Particularly it&rsquos eyeing adding Gemalto&rsquos greater than &euro3BN of revenue to the digital business sales and bagging some relevant &ldquotechnologies and competencies&rdquo for that vertical markets where it plays.

Thales promises to combine its digital companies into Gemalto which continuously operate under its very own brand, with Vall&eacutee leading the combined unit &mdash and among the seven Thales global sections.

The combined Group may have greater than 28,000 engineers, 3,000 researchers, and can invest greater than &euro1BN in self-funded R&ampD, it stated.

Thales added that it doesn’t anticipate any decrease in Gemalto&rsquos workforce as a result of the transaction.

The transaction relies upon shareholder and regulatory approvals and clearances &mdash with closure slated for that other half of 2018.

Find out more: