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Industry: Email Alert RSS FeedSAFRAN in agreement to acquire Motorola's biometrics business
Telecomworldwire, Oct 16, 2008
TELECOMWORLDWIRE-16 October 2008-SAFRAN in agreement to acquire Motorola's biometrics business(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com
SAFRAN, an international high-technology group, announced on Wednesday (15 October) that the company through Sagem Securite, its wholly owned subsidiary and a provider of ID solutions based on biometrics, has entered into a definitive agreement to acquire the biometric business unit within mobile communication company Motorola Inc (NYSE:MOT).
Motorola's biometric business unit, which includes its Printrak trademark, designs, develops, integrates and maintains automated fingerprint identification systems (AFIS) for law enforcement, civil and commercial customers around the world.
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This acquisition enables Sagem Securite to strengthen its position in the US market for homeland security. It is also an important step for SAFRAN to improve its product offering, expand production in the US and reduce costs.
Financial details of the transaction, which is expected to close in the first quarter of 2009, were not available.
((Comments on this story may be sent to tww.feedback@m2.com))
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