Aerospace Group:

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

Friday, September 30th, 2016

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The France-based private equity firm Advent International on Sept. 29 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…

Space

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