Safran acquired 81% of the Homeland Protection activities of the US corporation, General Electric
What is the purpose of this operation?
This operation allows Safran to strengthen its position in the field of security. It follows on from two recent acquisitions: Sdu-Identification (editor's note: renamed "Sagem Identification"), a Dutch company specialized in the production of secure ID documents, in June 2008; and Printrak, in April 2009, the biometric activity of Motorola, specializing in automated fingerprint identification systems (AFIS) and well-established on US soil. Ultimately, the security activity should account for 20% of the Safran Group's revenues.
How does this acquisition fit in with SAFRAN's current activities?
Sagem Sécurité (Safran Group) is already a leader in multi-biometric personal ID technologies and is established as a global player in the control of the traffic of people in airports. With this new acquisition dedicated to the detection of explosives and illicit substances, Safran is now also consolidating its position as a global player in the control of baggage traffic in airports and may, ultimately, be able to offer total solutions for airports.
What are the prospects for the tomographic detection market?
Today, the United States host a significant pool of tomographic devices, 65% of which came from GE Homeland Protection. The renewal of these devices over the medium term represents a very large potential market, particularly inasmuch as this company is the only one to have a machine that is certified - at the highest level of resolution and for the highest baggage processing capacity - by the TSA (Transport Security Administration). In Europe, developments in the security regulations should moreover lead to the systematic installation of tomographic machines in airports as from 2012. Already firmly established in European airports, Safran is therefore favorably placed to conquer these future markets.