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Thales says has room for more acquisitions after Gemalto

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Thales says has room for more acquisitions after Gemalto

Thales says has room for more acquisitions after Gemalto
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PARIS (Reuters) – Aerospace and defence group Thales <TCFP.PA>, which has agreed to buy chipmaker Gemalto <GTO.AS> for 4.8 billion euros (£4.24 billion), said on Monday it retained the financial leeway to seize other acquisition opportunities.

Chief Executive Patrice Caine also told a news conference that Gemalto’s staff will have the opportunity to get jobs at Naval Group, a unit of Thales.

(Reporting by Cyril Altmeye, writing by Dominique Vidalon; editing by Richard Lough)

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