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Safran Closes Acquisition of L-1

Defense Daily Staff Defense Daily Staff
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France’s Safran yesterday said it has completed its $1.1 billion acquisition of L-1 Identity Solutions making it the “world leader in biometric identity solutions.” L-1 is being renamed MorphoTrust and will operate under Safran’s security business, Morpho. Safran said that if the deal had closed in 2010, Morpho’s sales last year would have totaled $2 billion. Morpho will have more than 7,200 employees, including 2,200 in the United States. In addition to MorphoTrust, Morpho operates Morpho Detection in the United…

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