fbpx
18.3 C
Sydney
Saturday, November 9, 2024

Buy now

  • HIKVISION AX PRO
  • HIKVISION NVR
  • HID SIGNO
HomeSecurityAccess ControlSafran Gives Advent Green Light For $US2.7 Billion Sale of Identity and...

Safran Gives Advent Green Light For $US2.7 Billion Sale of Identity and Security Business

18.3 C
Sydney
24.6 C
Brisbane
8.1 C
Canberra
27.1 C
Melbourne

RECOMMENDED

WEATHER

Sydney
clear sky
18.4 ° C
19.1 °
17.1 °
75 %
11.8kmh
0 %
Fri
18 °
Sat
21 °
Sun
24 °
Mon
20 °
Tue
24 °

Latest Articles

STAY CONNECTED

2,461FansLike
1,477FollowersFollow
0FollowersFollow
Bookmark
Page is Bookmarked

SAFRAN is negotiating to sell its Morpho identity and security business to U.S. private-equity firm Advent for an $2.7 billion.

Advent plans to merge Morpho with smart cards and security identity systems provider Oberthur Technologies, to create a group headquartered in France with $US3.15 billion in revenue. This sale comes after Safran sold Morpho Detection, its explosives detection business, to British tech house Smiths Group.

According to Safran, the identity and security business had revenue of $1.8 billion in 2015 and employs 7,800 people in more than 50 countries. ♦

AUTHOR

SEN News
SEN Newshttps://sen.news
Security & Electronics Networks - Leading the Security Industry with News and Latest Events. Providing information and pre-release updates on the latest tech and bringing it all to you daily. SEN News has been in print for over 20 years and has grown strong as a worldwide resource in digital media.

LEAVE A REPLY

Please enter your comment!
Please enter your name here