Add-on Acquisition • Defense

Safran Acquires L-1 Identity Solutions

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

Acquisition Context

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.

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M&A Deal Summary
Date	July 26, 2011
Target	L-1 Identity Solutions
Sector	Defense
Buyer(s)	Safran
Deal Type	Add-on Acquisition

Target Company

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 Overview 1

Buyer

Safran

Paris, France

Category	Company
Founded	1924
Sector	Aerospace
Employees	96,390
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 Context for Buyer	#
Overall	8 of 25
Sector: Defense	1 of 2
Type: Add-on Acquisition	7 of 19
State: Connecticut	1 of 1
Country: United States	4 of 8
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	-

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	-

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

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