M&A Deal Summary

Safran Acquires Cassis International Pte

On July 12, 2012, Safran acquired software company Cassis International Pte

Acquisition Highlights
  • This is Safran’s 1st transaction in the Software sector.
  • This is Safran’s 1st transaction in Singapore.

M&A Deal Summary

Date 2012-07-12
Target Cassis International Pte
Sector Software
Buyer(s) Safran
Deal Type Add-on Acquisition

Target

Cassis International Pte

Singapore, Singapore
Cassis International Pte Ltd. services enable mobile network operators and service providers to manage and implement secure credentials on a mobile device for applications such as mobile banking, mobile payment, transit and physical access to secure sites.

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Buyer(S) 1

Buyer

Safran

Paris, France

Category Company
Founded 1924
Sector Aerospace
Employees96,390
Revenue 27.7B EUR (2024)
DESCRIPTION

Safran 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 11 of 25
Sector: Software M&A 1 of 2
Type: Add-on Acquisition M&A Deals 10 of 19
Country: Singapore M&A 1 of 1
Year: 2012 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-13 Optovac Mecânica e Optoeletrônica

Osasco, Brazil

Optovac Mecânica e Optoeletrônica Ltda. is a Brazilian company specialized in optronics and night vision equipment. It is one of the small businesses in Brazil that has been recognized by the Ministry of Defense, which has all the assets needed to become a Strategic Defense Company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-07 CPS Technologies SAS

Craponne, France

CPS Technologies SAS is a provider of bank card personalization solution in France. The company was founded in 1992 and is based in Craponne, France.

Buy -