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Advent To Acquire Safran’s Identity Business And Join It With Oberthur

Cal Biesecker By
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Advent To Acquire Safran’s Identity Business And Join It With Oberthur
Safran Group’s MorphoWave touchless four-print finger print scanner is one of many products that are part of the Identity & Security business being acquired by Advent. Photo: Safran

The Massachusetts-based private equity firm Advent International on Thursday said it has agreed to acquire the identity and security business of France’s Safran Group for $2.7 billion, a deal that 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.Safran said in March that it planned to divest its detection business, which is being acquired by Britain’s Smiths Group, and review options for its identity…

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