This transaction represents the creation of a new world leader in smart cards and digital security, with 2005 pro forma revenues of approximately EUR 1.

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7 billion ($ 2.2 billion), operations in 120 countries, large operational centers in the Paris and Marseille areas, and 11,000 employees including 1,500 R&D engineers. After further review, Axalto and Gemplus have reconfirmed their initial estimate of the synergies arising from this transaction, expected to amount to EUR85 million (US$100 million) per year on a fully-phased basis.