Safran acquires GE's residual stake in Morpho Detection
Safranannounces the acquisition of General Electric's residual 19% stake in Morpho Detection Inc. (MDI).The operation results from the exercise of an option provided for in Septemb...
Safran announces the acquisition of General Electric's residual 19% stake in Morpho Detection Inc. (MDI).
The operation results from the exercise of an option provided for in September 2009 when Safran acquired 81% of MDI from General Electric. The residual 19% stake is valued at Euro 90 million and its purchase is financed by Safran's available cash in the current fiscal year. Morpho USA now owns 100% of Morpho Detection Inc. Morpho is the subsidiary of Safran dedicated to Security.
