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Case details

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Merger control
Case reference
CCENT/2008/13 - Hypercom / Thales e-Transactions
Acquiring
Hypercom Corporation
Description
a US-registered company that, on a global scale, supplies integrated electronic payment and value-added service solutions to a range of clients that includes, in particular, national and international financial institutions. In Portugal, Hypercom markets automatic payment terminals intended for the retail trade.
Acquired
Thales e-Transactions
Description
the undertakings that are part of Thales e-Transactions are subsidiaries of Thales SA, which is quoted on Euronext; in the Thales Group, the undertakings are responsible for the business involving payment solutions. In Portugal, it markets electronic payment terminals intended for the retail trade, under the trademark Bull/Thales Artema, through its distributor GFI Portugal.
Sector
  • Extractive and manufacturing Industries
Activity (NACE)
  • C26 - Manufacture of computer, communication equipment, electronic and optical products
Applicable legislation
Art. 9(1)(a) (Law 18)
Notification thresholds
Market share
Type of merger
Horizontal
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Case description
Notified 13 February 2008, this merger operation consists of the acquisition, by Hypercom Corporation ("Hypercom"), of exclusive control of a group of undertakings - Thales e-Transactions SA, Thales e-Transactions España SA, Thales e-Transactions GmbH and Thales e-Transactions Ltd - designated jointly as Thales e-Transactions.
Timeline
2008-03-17
Competition Authority authorises acquisition, by Hypercom Corporation, of exclusive control of the companies Thales e-Transactions SA, Thales e-Transactions España SA, Thales e-Transactions GmbH and Thales e-Transactions Ltd, which operate in the business of electronic payment solutions
2008-02-20
Publication of the announcement
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