Advent acquires MorphoTrust parent
The Paris office of Boston private equity firm Advent International, and Bpifrance, an investment arm of the French government, have completed a deal to acquire the French company Safran Identity & Security, the parent of MorphoTrust USA in Billerica.
MorphoTrust USA is a leading maker of identification systems, including US passports and the majority of the nation’s drivers licenses. Advent will merge Safran Identity & Security with Oberthur Technologies, a digital security company that is also based in France, to form a new company called OT-Morpho. Financial details of the transaction were not announced.