At what enterprise value was GEMALTO acquired in 2019?

During the acquisition of GEMALTO by THALES in 2019, the transaction's Enterprise Value is estimated to be in the range of 3b - 100b EUR.

What was the EV/EBITDA of GEMALTO when it was acquired by THALES?

The estimated EV/EBITDA multiple for GEMALTO is in the range of 10x - 18x.

When was GEMALTO acquired by THALES?

GEMALTO was acquired by THALES in 2019.

What was the revenue of GEMALTO at the time of the deal?

The revenue of GEMALTO at the time of the deal is estimated to be in the range of 1b - 3b EUR.

What was the EBITDA of GEMALTO during the acquisition?

GEMALTO's EBITDA is estimated to be in the range of 250M - 500M EUR.

How is the data for the GEMALTO acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the GEMALTO deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.thalesgroup.com/fr/actualites-du-groupe/communiques-de-presse/thales-finalise-lacquisition-de-gemalto-et-devient-un

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Home Database TMT (Tech, Media, Telecom)GEMALTO

04/2019

GEMALTO acquired by THALES

NETHERLANDS IT Services / Consulting & Integration / Cybersecurity Services EV 3b - 100b EUR

Context

Thales successfully executed the acquisition of Gemalto, a premier specialist in digital identity and security. This strategic combination, finalized over a rapid fifteen-month period, culminates in the creation of an entity with a formidable global workforce of approximately 80,000 employees. The structural mechanics of the deal established a robust foundation for the acquiring entity to fully integrate expansive operations and specialized cybersecurity frameworks into its broader organizational matrix. The strategic rationale underpinning this acquisition is deeply rooted in the ambition to forge an absolute global leader in digital identity and security. By absorbing an unparalleled portfolio of biometrics and data protection capabilities, the organization significantly augments its technological arsenal. This synergy directly addresses the escalating global demand for secure solutions across vital infrastructure sectors, enabling comprehensive mastery over critical decision chains in domains ranging from drone traffic management to highly sensitive financial transactions. Furthermore, the integration bolsters the combined entity's innovation engine, supported by a substantial research and development allocation of one billion euros, thereby accelerating advancements in artificial intelligence, big data, and connected devices.

As a reminder, Gemalto had previously acquired Safenet in 2014 as part of its expansion strategy.

GEMALTO, which reported an EBITDA margin of in 2018, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the TMT (Tech, Media, Telecom) sector (13.7x).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Gemalto is a global leader in digital security, providing solutions that enable secure, connected experiences for users worldwide. The company operates at the "edge" of the network, specializing in embedded software, portable secure elements, and identity management technologies found in consumer devices, banking cards, and network-connected terminals. Its value proposition is built upon ensuring privacy, security, and trust for the end-user, facilitating the transition to a digital-first economy where mobile and connected devices are the primary interfaces for commercial and governmental interactions. The company’s expertise lies in developing highly reliable security hardware and software that can withstand sophisticated threats while maintaining a seamless user experience. With a comprehensive suite of authentication and identity management tools, Gemalto serves the banking, telecommunications, and enterprise sectors, focusing on protecting user identities and facilitating secure transactions on a global scale.

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Other operations with GEMALTO

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
08/2014	GEMALTO	SAFENET	UNITED STATES	Cybersecurity Services

REFERENCES

Valuation range: EV 3b - 100b EUR

Revenue range: 1b - 3b EUR

EBITDA range: 250M - 500M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of GEMALTO by THALES are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Acquirer: thales