FB pixel

Thales reports costs and synergies of integrating Gemalto into DIS

Thales reports costs and synergies of integrating Gemalto into DIS
 

The integration of Gemalto and disposal of its GP HSM businesses has led Thales SA to update its 2019 forecast, calling for the new digital identity and security (DIS) business which includes Gemalto to book organic sales growth for its biometric and other technologies of between 0 and two percent.

Costs from the integration following the €4.8 billion acquisition are expected to reduce EBIT earnings by €60 million (US$67.8 million) in fiscal 2019 and another €30 million to €40 million next year. THE DIS unit is expected to earn €240 million to €260 million from April 2019 to December 2019.

Overall, Thales expects to receive orders for slightly more than €18 billion ($20.3 billion), with EBIT revenues between €1.98 billion and €2 billion ($2.23 billion to $2.26 billion). The integration is expected to generate €120 million in run-rate cost synergies, including €30 million from its GP HSM divestment.

Gemalto delisted from the Euronext Amsterdam and Euronext Paris exchanges at the end of May. The company launched a new management platform for biometric foundational identity systems this week.

Article Topics

 |   |   |   |   | 

Latest Biometrics News

 

Financial fraud prompts $14M digital identity intelligence investment, calls for action

Financial institutions and regulators continue to invest in anti-fraud and identity verification. Barclays has invested in anti-fraud platform Heka as…

 

Age estimation at the shop, age verification online: France laws tested with questions

In France, age assurance tools are showing up online and at retail vendors selling age restricted products, prompting questions from…

 

Ofcom planning more safety measures to tackle addictive design

It has been noted previously in these pages that the UK is looking to be taken seriously in pursuing its…

 

OFIQ community reviews early results of biometric quality assessment tool

The standardization of image quality for face biometrics is a major step towards making population-scale biometric systems functional, and as…

 

New binocular iris scanner from IriTech designed for high volume use cases

Iris recognition provider IriTech, Inc. has announced the launch of the IriAegis-BK, a binocular iris scanner designed for high-throughput biometric…

 

Laos begins integrating digital ID cards into public agencies

Government agencies in Laos have received the order to begin integrating the country’s chip-enabled identity cards and citizen databases. Ministries,…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Biometric Market Analysis

Most Viewed This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events