M&A Deal Summary

Safran Acquires L-1 Identity Solutions

On July 26, 2011, Safran acquired defense company L-1 Identity Solutions

Acquisition Highlights
  • This is Safran’s 1st transaction in the Defense sector.
  • This is Safran’s 4th transaction in the United States.
  • This is Safran’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2011-07-26
Target L-1 Identity Solutions
Sector Defense
Buyer(s) Safran
Deal Type Add-on Acquisition

Target

L-1 Identity Solutions

Stamford, Connecticut, United States
L-1 Identity Solutions, Inc. specializes in selling face recognition systems, electronic passports such as Fly Clear, and other biometric technology to governments such as the United States and Saudi Arabia.

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Buyer(S) 1

Buyer

Safran

Paris, France

website


Category Company
Founded 1924
Sector Aerospace
Employees78,900
Revenue 15.1B EUR (2021)
DESCRIPTION

Safran company operates in four segments: Aerospace Propulsion, Aircraft Equipment, Defence, and Security. Safran was founded in 1924 and is based in Paris, France.


DEAL STATS #
Overall 8 of 23
Sector (Defense) 1 of 1
Type (Add-on Acquisition) 7 of 17
State (Connecticut) 1 of 1
Country (United States) 4 of 7
Year (2011) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-01 MorphoTrust USA

Billerica, Massachusetts, United States

MorphoTrust USA LLC is a provider of identity solutions and services. It provides provides fully modernized front and back office solutions to state motor vehicle agencies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-30 Sofradir SAS

Chatenay-Malabry, France

Sofradir SAS provides high performance imaging related to Defence, Space and Civil systems. Sofradir masters and proposes a wide range of technologies.

Buy -