The Safran board of directors are meeting in France today to select preliminary candidates to acquire the aerospace group's biometric and identity section.The board has to choose from a dozen offers for its Morpho biometrics and security business, sources told Reuters on Wednesday.While Franco-Dutch SIM card maker Gemalto has expressed interest in the additional assets being sold by Safran, private equity fund Advent said last week that it wants to acquire Safran's biometric identification business and merge it with security badge maker Oberthur Technologies, which it bought in 2011.Reuters reports that Atos, and private equity firms KKR, Carlyle, Bain Capital and CVC Capital Partners are also seen as potential candidates for the business, which had 1.6 billion euros of revenue last year.In April, Safran said it has reached an agreement to sell Morpho Detection LLC, a US-based subsidiary of Safran, and other detection related activities to Smiths Group plc for an enterprise value of $710 million.A few weeks earlier, the company confirmed that it was considering the sale of its Morpho biometrics activities.
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