EMEA Treasurer and Head of Cash Management, Gemalto Group
“It is necessary to negotiate SWIFTNet contracts in detail with each bank”
Le Lettre du Trésorier
Could you tell us about Gemalto?
Didier Lo Nobile
The poduct of a merger in 2007 between a company of French origin, Gemplus, and Axalto, a division of Schlumberger, Gemalto is the world number one in digital security, which can be in the form of objects, software or services, in areas as diverse as wiring, identification – we are talking about biometric passports - security, with bank cards, or even health, with the Carte Vitale [the French health insurance card]. The group, which has over 11,000 employees, has over 75 sites and is present in a hundred countries, achieved a turnover of €840m in the first six months, a sum which does not take into account the acquisition, in June, of Cinterion Wireless Modules, a German company which provides wireless communication modules for industrial machine-to-machine use and whose turnover rose to €145m in 2009. Gemalto is listed on Euronext, in section A, its stock is listed on the SPF 120 index and the market capitalisation was €2.8b on 21 October 2010.