August 8, 2014 / 5:36 AM / 3 years ago

Gemalto to buy data protection specialist SafeNet for $890 mln

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PARIS, Aug 8 (Reuters) - Gemalto NV said on Friday it had signed a definitive agreement to buy U.S.-based data protection specialist SafeNet Inc from Vector Capital for $890 million.

Gemalto expects the deal will close in the fourth quarter and enable it to beat its 2017 target of profit from operation of 600 million euros ($801.60 million) by around 10 percent, the Amsterdam-based company said in a statement. (1 US dollar = 0.7485 euro) (Reporting by Natalie Huet; Editing by Sunil Nair)

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