Advent International and Bpifrance complete the acquisition of Safran Identity & Security (Morpho)
June 2017 by Emmanuelle Lamandé
Advent International and Bpifrance announce the completion of the acquisition of Safran Identity & Security (Morpho), after receiving clearance from antitrust and regulatory authorities.
As the majority shareholder of Oberthur Technologies (“OT”), Advent International, investing alongside Bpifrance, brings together the complementary strengths of Safran I&S and OT to create a global leader in identification and security, based in France, with over €2.8 billion in revenue. By combining Safran I&S’s leadership in end-to-end biometric and identity solutions with OT’s leadership in digital embedded security, the two companies will be uniquely positioned to accelerate the convergence between governmental and commercial markets.
Didier Lamouche is appointed President of the Executive Board and Marwan Lahoud Chairman of the Supervisory Board of OT-MORPHO. The Supervisory Board of OTMORPHO also includes, among others, the following members: Jean-François Cirelli, former Deputy CEO of GDF Suez, and Yann Delabrière, former Chairman of Faurecia, as Vice- Chairman. Anne Bouverot, formerly CEO of Morpho, becomes Senior Advisor to Advent International.