Atos offers to buy Gemalto for 4.3 bln euros to boost cyber security services [Reuters (UK)]
GEMALTO NV ADR (GTOMY)
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Source: Reuters
Atos offers to buy Gemalto for 4.3 billion euros to boost cyber security services | Reuters 3 Min Read PARIS (Reuters) - French technology consulting firm Atos ATO.O offered to buy Gemalto ( GTO.AS ) for 4.3 billion euros ($5.06 billion) on Monday to boost its cyber security services as states and big corporations seek to cope with a growing number of attacks on the Internet worldwide. The bid comes as Gemalto, the world’s largest maker of chips found in mobile phones and credit cards, is under pressure after posting four profit warnings in a year and having missed a chance to strengthen its security business through a large acquisition. The combination would strengthen Atos in the burgeoning so-called Internet of Things (IoT) sector of internet-connected machinery and household devices able to collect and exchange data using embedded sensors and European payment services on top of digital security, it said. Atos said it delivered an offer to Gemalto’s board on Nov. 28. Shortly afte
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