BREAKING NEWS

BREAKING NEWS

Thales says has room for more acquisitions after Gemalto

Thales says has room for more acquisitions after Gemalto
Patrice Caine, Chairman and Chief Executive Officer of Aerospace and defence group Thales, attends a news conference with Gemalto in Paris, France, December 18, 2017. REUTERS/Philippe Wojazer
Text size Aa Aa

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)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.