Smartcard leaders to merge

Friday, 9 December 2005, 2:35 AM EST

Smartcard leaders Axalto and Gemplus are to merge, creating a company with an annual revenue of around $2.13 billion (1.8 billion euro). The companies described the deal as a "merger of equals," with most of its R&D in Paris and Marseille, France, while headquartered in The Netherlands. Known as Gemalto, the company will employ some 11,000 people.

At Electronic News.

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