Thales completes sale of general purpose hardware security module business to Entrust Datacard

11/07/19

Thales announced this week the closing of the sale of its General Purpose Hardware Security Module (GP HSM) business to Entrust Datacard, a leading provider of trusted identity and secure issuance technology solutions.

This transaction follows the commitments made by Thales to several competition authorities to divest this business to a suitable purchaser in order to ensure a strongly competitive market for GP HSM solutions, which have allowed Thales to finalize the acquisition of Gemalto.

This transaction will enable nCipher Security — with more than €100m in revenues in 2018 and over 300 employees — to continue to deliver innovative solutions and services and strengthen its market leadership as an Entrust Datacard business.  
This business, which was assigned to the “Defense & Security” segment, is deconsolidated from Thales’s accounts since 1st January 2019.

 

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