Oberthur Technologies (OT) and Safran Identity & Security (Morpho) have announced they are joining forces to create a world leader in digital security & identification technologies.In September 2016, Safran announced that it had entered into exclusive negotiations with Advent International, the owner of Oberthur Technologies since 2011, to sell its identity and security activities and the transaction was finalised on 31 May 2017.Temporarily designated by the name OT-Morpho, the company will unveil its new name in September 2017.OT-Morpho says that with a mix of complementary activities addressing the specific needs of five major industries (financial services, telecoms, identity, security and IoT), it has an extensive global presence and technological expertise in biometrics, authentication, digital security, data and video analytics.With close to 3 billion euros in revenues, OT-Morpho employs more than 14,000 people worldwide, nearly 2,000 of whom work in R&D."We are truly excited about combining OT and Morpho, two highly complementary leading companies," says Didier Lamouche, CEO, OT-Morpho. "This merger will bring something completely new to the market, with trusted identities at the core of our solutions. As our physical and digital, civil and commercial lifestyles converge, OT-Morpho stands precisely at that crossroads to leverage the best in digital security and identity technologies, including biometrics, to offer customised solutions to its clients."
OT and Morpho finalise deal
