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Wireless

Thales secures approval for Gemalto takeover from South Africa's competition commission

Wednesday 17 October 2018 | 09:23 CET | News
Thales and Gemalto announced that that they have received regulatory clearance for their proposed merger from the competition commission in South Africa. This brings to seven the regulatory clearances already obtained, out of the fourteen required. Earlier this month, the two companies said that they anticipated closing the transaction during the first quarter of 2019, later than the previous target of the end of the year, due to protracted talks with anti-trust authorities on possible remedies to obtain regulatory approval.

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Categories: Mobile & Wireless
Companies: Gemalto / Thales
Countries: South Africa / World
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