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Business/Financial

Safran To Divest Detection Business, Review Options For Biometrics Business

By Cal Biesecker

Monday, March 14th, 2016

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Safran To Divest Detection Business, Review Options For Biometrics Business

Safran Group CEO Philippe Petitcolin. Photo: Safran Group

Putting a clear focus on its commercial aviation and defense businesses, France’s Safran Group on Monday said it plans to divest its operations that provide explosives detection systems for airports and review options for its identity solutions portfolio.Philippe Petitcolin, Safran’s CEO, said at the company’s Capital Markets Day that discussions are ongoing with “some industrial companies” that are interested in buying the Morpho Detection business. He said the detection business has better growth opportunities outside of Safran.The company said it…

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