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HomeSecurity CamerasCCTVSafran to Sell Morpho – Biometrics Business Under Review

Safran to Sell Morpho – Biometrics Business Under Review

Safran SA will review its biometrics business after putting the Morpho airport explosives detection business onto the market. Safran had about $2 billion in sales last year from its security businesses – around $US350 million from explosives detection. 

Partially state-owned, Safran said it was interested in expanding its aircraft equipment business which generates 28 per cent of revenue, as well as expanding its defense business. 

The security business review, which covers identity cards and biometric solutions will take 6 months, Safran CEO Philippe Petitcolin told WSJ during the week.  Options include retaining the business or selling it.

“We have never been able to find any kind of synergies with the rest of the security businesses,” Petitcolin said of the explosives detection business, which was bought from GE in 2009.♦

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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.

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