Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Electronics Production | December 09, 2005

Smart-Card suppliers in merger

Two of the worlds largest Smart-Card suppliers have entered an agreement of a merger.
Gemplus and Axalto has entered a share swap deal valued at about EUR 928 million. This deal means that Axalto takes over its larger rival.

The move is seen as a cost reducing action as a result of the increasing competition from Asian suppliers. According to the company only small reductions in workforce are to be expected.
Ad
Ad
Ad
Ad
Load more news
November 11 2018 12:47 pm V11.8.0-1