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European Regulators Approve Advent International Deal For Safran’s Identity Business

By Cal Biesecker

Friday, April 21st, 2017

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The European Commission on April 19 cleared the proposed $2.7 billion acquisition by Advent International of Safran Group’s Morpho identity solutions enterprise with the one condition that Morpho’s smart card payment business in France be divested.Advent and Safran agreed that Morpho’s French subsidiary CPS, which supplies payment smart cards to banking customers in France, will be divested to maintain competition in Europe.Advent International, a U.S.-based private equity firm, last October announced the agreement for Safran’s biometrics and identity solutions business,…

Congress

SASC Cites Concern With Army’s sUAS Approach, Seeks Info On Plans To Scale Fielding

Senate defense authorizers are seeking more info from the Army on its plans for scaling and deploying small drone capabilities citing concern with the service’s current “fragmented and insufficient” approach. […]

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Army

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