DOJ Requires Thales Divest GP HSM Encryption Business in Gemalto Buy
Thales must divest its General Purpose Hardware Security Module business to resolve competition concerns and complete its $5.6 billion acquisition of Gemalto, DOJ announced Thursday evening. GP HSMs are “secure encryption processing and key management devices” most frequently used as…
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components of complex encryption systems used by industry and government to secure sensitive data. Thales and Gemalto are the “world’s leading providers of GP HSMs and are significant direct” U.S. competitors, DOJ said. Friday, Thales didn’t comment.