In an initiative to boost its cyber safety solutions to fulfill expanding needs, the French IT solutions strong Atos actually used to buy the world’s biggest producer of SIM cards, Gemalto for $5.6 billion.
With the increasing variety of cyber strikes on the net, the offer would certainly allow the firm to boost its own electronic security as well as European payment solutions while enhancing its creating Internet of Points (IoT) division.
At the same time, Gemalto has been under stress this year after posting 4 earnings cautions and also failing to protect a large acquisition which would have considerably increased its protection business.
Atos offered Gemalto’s board with a deal on November 28th after which Atos President Thierry Breton after that received the support of the company’s largest shareholder, France’s state-owned financial investment bank Bpifrance.
Following the announcement, Breton shared the information with reporters, claiming:
“I’ve fulfilled the primary investors and also Bpi in particular. Bpi is not just beneficial to this operation of Euorpean consolidation, yet it likewise accredited me to inform you regarding it.”
The offer will certainly still have to be accepted and also we will likely listen to even more once the acquisition is total.
Picture Credit Score: Atos