Law360 (July 23, 2018, 4:54 PM EDT) -- European Union antitrust authorities said Monday they have opened “an in-depth investigation” into potential anti-competitive harms posed by the more-than-$5 billion merger between the world’s largest suppliers of a key data encryption tool through France-based Thales’ planned purchase of Netherlands-based Gemalto.
Thales and Gemalto NV are the largest suppliers in both the European Economic Area and worldwide of hardware security modules, or HSM, European Commission officials said. Those modules, according to the investigation announcement, are dedicated pieces of hardware that “generate, protect, and manage encryption keys used to protect data in a secure tamper-resistant module.” A combined Thales and Gemalto, the...
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