Gemalto completes US$890m acquisition of SafeNet
Amsterdam, Netherlands. January 8, 2015 – Digital security specialists, Gemalto, today announced the final closing of the acquisition of SafeNet, a worldwide provider of data and software protection. The deal, worth US$890 million, follows approval by the relevant regulatory and antitrust authorities.
As M2M Now reported on August 12, 2014 (see: Digital security specialist Gemalto to acquire US-based SafeNet for $890m) had signed a definitive agreement to acquire 100% of the share capital of Maryland-based SafeNet from Vector Capital. The deal has been done on a debt free / cash free basis.
Gemalto (Euronext NL0000400653 GTO) is a world leader in digital security with 2013 annual revenues of €2.4 billion and more than 12,000 employees operating out of 85 offices plus 25 research and software development centres, located in 44 countries.
SafeNet will be integrated with Gemalto Payment & Identity segment and its contribution will mainly consist of Platforms & Services activities.
“The acquisition of SafeNet enables us to further accelerate the deployment of strong security solutions in the Enterprise and Cloud security sectors. It makes our joint portfolio of technologies and sales reach unrivaled in the digital security market”, said Olivier Piou, Gemalto CEO. “I warmly welcome the new teams joining Gemalto and we look forward to working closely together.”
(See also: Managing risk in the era of the Internet of Things).