TITLE

Identity Solutions [ID]: Motorola's [MOT]: Cogent Systems [COGT]: 3M [MMM]: General Electric [GE]: Unisys [UIS]: L-1 Selling Identity Solutions Portfolio to Safran, Intel Business to BAE

PUB. DATE
September 2010
SOURCE
TR2: Terror Response Technology Report;9/29/2010, Vol. 6 Issue 20, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the plans of Safran Group of France and BAE Systems of Great Britain to purchase the identity solutions and intelligence services businesses, respectively, of L-1 Identity Solutions in two separate deals announced in 2010. According to Safran, its presence in the U.S. for these solutions is being increased by the deal. BAE's acquisition is valued at 303 million dollars, including a significant portion of debt of L-1. It also notes that the AFIS solutions business of Motorola was bought by Safran in 2008.
ACCESSION #
54420931

 

Related Articles

  • CFIUS Okays Safran Acquisition of L-1. Biesecker, Calvin // Defense Daily;7/19/2011, Vol. 251 Issue 13, p6 

    The article reports on the acquisition of L-1 Identity Solutions Inc. by Safran Group. As stated, the deal for acquisition is expected to close within five business days and under it L-1 has agreed to sell its identity solutions business to Safran for about 1.1 billion dollars. It also reports...

  • BAE Completes Acquisition of L-1's Intelligence Services Business.  // Defense Daily;2/16/2011, Vol. 249 Issue 31, p3 

    The article reports that BAE Systems PLC in Great Britain has completed its acquisition of the intelligence services businesses of L-1 Identity Solutions Inc. As stated, the acquisition the company has made it easier to conclude the sale of the rest of L-1 to Safran Group in France. BAE is...

  • Safran, BAE acquire L-1 Identity operations. Soule, Alexander // Fairfield County Business Journal;9/27/2010, Vol. 49 Issue 39, p12 

    The article reports on the acquisition of L-1 Identity Solutions Inc. by France-based Safran Group and BAE Systems PLC. As cited, the company which is formed by Robert LaPenta, chief executive officer, sells a wide range of high-tech security devices and services including identification...

  • L-1 Identity Solutions [ID]: L-1 Receives $30M in International, U.S. Orders.  // TR2: Terror Response Technology Report;9/29/2010, Vol. 6 Issue 20, p17 

    The article reports on purchase orders worth 24.5 million U.S. dollars received by L-1 Identity Solutions for finger and iris biometric capture devices for the initial phase of India's Unique Identification Number (UID) program called AADHAAR.

  • CFIUS Okays Safran Acquisition of L-1.  // Defense Daily International;7/22/2011, Vol. 13 Issue 28, p5 

    The article reports on the approval given by the Committee on Foreign Investment in the United States (CFIUS), to the acquisition of L-1 Identity Solutions Inc. by defense equipment manufacturing company Safran Group. It is reported that, it is the Morpho business unit of Safran which will now...

  • L-1, Safran Refile Merger Plans With CFIUS.  // Defense Daily;5/3/2011, Vol. 250 Issue 23, p2 

    The article reports that L-1 Identity Solutions (ID) and Safran Group have withdrawn notification of their merger plans with the U.S. Committee on Foreign Investment (CFIUS.) The companies have renewed the notification with CFIUS. The move was taken to allow the companies to have more times in...

  • L-1, Safran Refile Merger Plans With CFIUS.  // Defense Daily International;5/6/2011, Vol. 13 Issue 18, p9 

    The article reports on the refiling of the notification of the merger plans of L-1 Identity Solutions Inc. and Safran Group with the Committee on Foreign Investment in the United States (CFIUS). The refiling is intended to allow themselves more time for further negotiations on the merger. It...

  • SAFRAN To Acquire Motorola's Biometric Matching Business.  // Defense Daily International;10/17/2008, Vol. 9 Issue 42, p7 

    The article discusses the acquisition of Motorola Inc.'s biometrics business by SAFRAN Group through its identity solutions company Sagem Securite SA. The acquisition consists of only the company's business that designs, develops, integrates and maintains automated fingerprint identification...

  • L-1 Completes Purchase of ComnetiX.  // Defense Daily International;2/23/2007, Vol. 8 Issue 8, p5 

    The article reports on the acquisition of Canada-based ComnetiX Inc. by L-1 Identity Solutions. The deal gives L-1 Identity Solutions a foothold in the Canadian biometric market and expanding its customer and geographic base for fingerprint services in the U.S. The deal was first proposed last...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics