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Morpho becomes OT-MORPHO
July 2017, News, Access Control & Identity Management

Safran has announced the completion of the sale of its identity and security activities to Advent International for Euro 2.4 billion.

As the majority shareholder of Oberthur Technologies (OT), Advent International, investing alongside Bpifrance, has joined the complementary strengths of Safran Identity & Security and OT to create a global identification and security organisation, 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 well positioned to accelerate the convergence between governmental and commercial markets.

The combined company is now known as OT-MORPHO. Didier Lamouche is president of the executive board and Marwan Lahoud is chairman of the supervisory board of OT-MORPHO.


Credit(s)
Supplied By: Morpho South Africa
Tel: +27 11 286 5800
Fax: +27 11 286 5879
Email: sec.san.orders@safrangroup.com
www: www.safran-group.com
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