Aerospace Group:

Advent to Acquire Safran’s Identity Business and Join it with Oberthur

By Cal Biesecker

Tuesday, October 4th, 2016

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The Massachusetts-based private equity firm Advent International has agreed to acquire the identity and security business of France’s Safran Group for $2.7 billion, a deal what will combine Safran’s strong presence in biometric products and identity solutions with Advent’s portfolio company Oberthur Technologies (OT), a leader in embedded digital security technology.“This represents a strategic industrial merger of two highly complementary leading companies and a unique opportunity to create a worldwide leader in digital security and authentication technologies,” says Didier Lamouche,…

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