SAFRAN to consolidate world leadership in identity solutions with the acquisition of passport-maker Sdu-Identification BV
Paris, June 24, 2008
SAFRAN announced today the acquisition of the Dutch-based passport and secure ID document maker Sdu-Identification BV ("Sdu-I"), based in Haarlem, Netherlands.
With revenues of more than 90 million euros in 2007, Sdu-I is a leading European supplier of secure identification documents, including electronic and biometric passports, ID cards and driver licenses. It is one of the world's leading specialists in high security polycarbonate data page technology.
Sagem Sécurité, a SAFRAN Group subsidiary, and already the world leader in biometric identification solutions, is counting on this acquisition to strengthen its position in the international market for ID solutions. With this acquisition, Sagem Sécurité offers proven expertise in the three key technologies needed for secure ID documents: biometric technologies, through its own systems and equipment; secure electronic transactions based on smart card technologies, and physical security through e-documents and secure printing technologies. This unrivaled combination of technologies and expertise will enable Sagem Sécurité to offer real complete, world-class ID solutions to governments anywhere in the world.
The ID document market is expected to log annual growth exceeding 15% over the next five years, driven not only by international regulatory measures such as the U.S. Visa Waiver Program and related European Union directives for biometric passports, but also growing demand from countries worldwide for high-security ID documents.
"Acquiring Sdu-I is a major step forward in the development of SAFRAN'S Security business and is perfectly in line with our group's growth strategy," said Jean-Paul Herteman, Chief Executive Officer of SAFRAN.
Jean-Paul Jainsky, Chairman and CEO of Sagem Sécurité, added, "It will enable us to enhance our range of complete and competitive ID solutions on offer to governments, and thus strengthen our leading position in this fast-growing market."
"Sagem Sécurité is the ideal partner for Sdu-I," said Anko Blokzijl, CEO of Sdu-I. "It is part of a very sound international group, which will enable us to export our products around the world, as well as offer comprehensive packages."
The acquisition should be completed in due course, following fulfillment of customary closing conditions, including approval by regulatory authorities.
SAFRAN is an international high-technology group with four core businesses: aerospace propulsion, aircraft equipment, defense security and communications. As of December 31, 2007, it had 63,000 employees in over 30 countries, and annual revenues of 12 billion euros. The SAFRAN Group comprises a number of companies with prestigious brand names, and holds, alone or in partnership, global or European leadership positions in all of its markets. SAFRAN is a public company listed on NYSE Euronext Paris.
Sagem Sécurité is a high-technology company in the SAFRAN Group. One of the world's leading suppliers of identity systems, Sagem Sécurité focuses on applications including personal rights and flow management, in particular based on biometrics, a sector in which it is the world leader, secure terminals and smart cards. Its integrated systems and equipment are deployed worldwide and contribute to the safety and security of transportation, data, people and states.
Sdu-I is a leading developer and supplier of e-Passports and other sophisticated identity documents to a number of European governments. It is based in Haarlem, Netherlands and has 300 employees.
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