Last September, 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 31st May 2017.

With a mix of complementary activities addressing the specific needs of five major industries (Financial services, Telecom, Identity, Security and IoT), OT-Morpho has an extensive global presence and a unique technological expertise (Biometrics, Authentication, Digital security, Data and video analytics).

With close to €3 billion in revenues, OT-Morpho employs more than 14,000 people worldwide, nearly 2,000 of whom work in the field of R&D.

"We are truly excited about combining OT and Morpho, two highly complementary leading companies. 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," declared Didier Lamouche, CEO of OT-Morpho.

Temporarily designated by the name "OT-Morpho", the company will unveil its new name in September of this year.