Menu
ComCom tells Thales to sell security module business for Gemalto buyout

ComCom tells Thales to sell security module business for Gemalto buyout

No issues around payment security modules as competitors keep the market honest

HSMs manage encryption keys.

HSMs manage encryption keys.

The Commerce Commission has granted clearance for French firm Thales to acquire Gemalto provided it sells its entire general-purpose hardware security module (HSM) business.

Thales applied to the Commission for clearance to acquire Gemalto in August as part of a global transaction requiring approval from a number of international competition authorities.

In making its decision, the Commission primarily focused on the products that both parties supply in New Zealand – the supply of payment HSMs and general purpose HSMs.

The decision also appears to have been made across other jurisdictions.

These are dedicated hardware appliances running on encryption software to generate, protect and manage encryption keys used to protect data in a secure, tamper-resistant module.

“We believe the combination of the two largest suppliers of general purpose HSMs in New Zealand would be likely to result in a substantial lessening of competition, with customers having limited alternatives to the merged entity when selecting a new general purpose HSM," Commission deputy chair Sue Begg said.

“However, we consider the divestment offered by Thales is sufficient to remedy the competitive harm the acquisition would cause in New Zealand and have granted clearance subject to this undertaking."

Any purchaser of the HSM business will need to be approved by the Commission.

The Commission is satisfied there are no competition concerns in the market for the supply of payment HSMs in New Zealand due to the low level of overlap in New Zealand and the presence of other suppliers.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags ThalesGemaltoPaymentssecurity module

Featured

Slideshows

Malwarebytes shoots the breeze with channel, prospects

Malwarebytes shoots the breeze with channel, prospects

A Kumeu, Auckland, winery was the venue for a Malwarebytes event for partner and prospect MSPs - with some straight shooting on the side. The half-day getaway, which featured an archery competition, lunch and wine-tasting aimed at bringing Malwarebytes' local New Zealand and top and prospective MSP partners together to celebrate recent local successes, and discuss the current state of malware in New Zealand. This was also a unique opportunity for local MSPs to learn about how they can get the most out of Malwarebytes' MSP program and offering, as more Kiwi businesses are targeted by malware.

Malwarebytes shoots the breeze with channel, prospects
EDGE 2019: Channel forges new partnerships during evening networking

EDGE 2019: Channel forges new partnerships during evening networking

Partners, vendors and distributors reconnected during a number of social gatherings during EDGE 2019. The first evening saw the channel congregate for a welcome party at the Hamilton Island yacht club, while the main poolside proved to be the perfect stop for a barbecue on the final night.

EDGE 2019: Channel forges new partnerships during evening networking
Show Comments