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Safran Enters Into a Definitive Agreement With L-1 Identity Solutions for the Purchase of L-1 Biometrics and ID Management Solutions Businesses
Date:9/20/2010

vy, Air Force, Marine Corps and Coast Guard), the FBI, a significant number of law enforcement organizations and entities in U.S. cities and states, and the U.S. Transportation Security Administration - among others. L-1 would benefit from Safran's technology, extended geographical reach, financial and management capabilities to further assist the company in accelerating the growth of its strong business in the United States and expansion in global key territories.

This transaction builds on Safran's previous successful transactions in 2009 in this sector in the

United States: the acquisitions of Motorola's Printrak biometrics business (merged with Morpho US biometrics activities to become MorphoTrak) and of GE's Homeland Protection unit[2] (rebranded Morpho Detection). The combined activities of Morpho and L-1[3] would have generated 2009 pro forma sales to U.S. customers of more than USD 700 million with around 2,200 employees in the United States.

Following this transaction, Safran would continue to strengthen the combined R&D teams. In doing so, the companies expect to build the next generation of excellence in biometrics and ID management and enhance the combined group's competitiveness in all territories, for the benefit of customers.

Jean-Paul Herteman, Chief Executive Officer of Safran, said: "I have a deep respect for L-1's business and its contribution to the security industry. We are all highly impressed with the quality and expertise of L-1's teams throughout the United States and we are looking forward to working with them to bring L-1 and Morpho together. This will allow us to grow L-1's business, while expanding the reach of L-1's services to other key territories around the world. With this acquisition, Safran's pro forma 2011 revenues from its security business, focused on detection, biometrics and identity management is likely to exceed 15% of the Safran's global revenue. The expe
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