The EU Commission clears a merger subject to remedies in the identity and security solutions market (Morpho / Advent International)

MERGERS: COMMISSION CLEARS ACQUISITION OF SMART CARD MAKER MORPHO BY ADVENT INTERNATIONAL, SUBJECT TO CONDITIONS* The European Commission has cleared under the EU Merger Regulation the proposed acquisition of identity and security solutions provider Morpho, based in France, by Advent International of the US. The approval is conditional on the divestiture of Morpho's payment smart card business in France. Morpho is the identity and security solutions business of the Safran group. Advent International, a private equity firm, controls smart card and digital security provider Oberthur. Both Oberthur and Morpho develop and supply identification and security

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European Commission, The EU Commission clears a merger subject to remedies in the identity and security solutions market (Morpho / Advent International), 19 April 2017, e-Competitions Merger Remedies, Art. N° 83748

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