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Safran to buy L-1 for $1.09b cash

September 23, 2010Martha Entwistle

PARIS—Biometric giant L-1 Identity Solutions, which announced in March it was for sale, has a buyer: Safran, based here, announced Sept. 20 that it would acquire L-1 and its biometric and enterprise access solutions, secure credentialing solutions and enrollment services business in a $1.09 billion cash deal. L-1 is separately selling its intelligence services business to British defense contractor BAE Systems for $296 million. Both deals are subject to U.S. regulatory approval. The businesses...

BAE Systems, biometrics, Digimarc, Identix, Jay Beaghan, Jean-Paul Herteman, L-1 Identity Solutions, Morpho, Morpho Detection, Printrak, Robert LaPenta, Safran, Viisage