Morpho completes the acquisition of American Banknote’s European card manufacturing and personalization operations
Paris, December 17, 2012
Morpho (Safran), a leading supplier of identification, detection and e-document solutions, confirmed that it has finalized the acquisition of CPS Technologies SAS and ABnote Czech sro from American Banknote Corporation, initially announced on November 7, 2012. CPS Technologies SAS is a leader in bank card personalization in France and employs 125 people; ABnote Czech sro, a card manufacturing and personalization center based in the Czech Republic, employs 85 people.
With this acquisition effective as of December 10, Morpho will enhance its European network of bank card personalization centers and improve its ability to offer its customers proximity payment card solutions and services.
Morpho, a high-technology company of Safran, is one of the world's leading suppliers of identification, detection and e-document solutions. Morpho is specialized in personal rights and flow management applications, in particular based on biometrics, a sector in which it is the world leader, as well as secure terminals and smart cards. Morpho's integrated systems and equipment are deployed worldwide and contribute to the safety and security of transportation, data, people and countries.
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