December 18, 2017 / 10:26 AM / a year ago

Thales says has room for more acquisitions after Gemalto

FILE PHOTO - The logo of French defence and electronics group Thales is seen at the company's headquarters in Neuilly, near Paris, May 20, 2008. REUTERS/Charles Platiau/File Photo

PARIS (Reuters) - Aerospace and defense group Thales (TCFP.PA), which has agreed to buy chipmaker Gemalto (GTO.AS) for 4.8 billion euros ($5.66 billion), said on Monday it retained the financial leeway to seize other acquisition opportunities.

Chief Executive Patrice Caine also told a news conference that Gemalto’s staff will have the opportunity to get jobs at Naval Group, a unit of Thales.

Reporting by Cyril Altmeye, writing by Dominique Vidalon; editing by Richard Lough

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