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Morpho Completes Acquisition of Carvajal’s Card Division and Becomes a Leader in the Latin American Banking Market - After completing all required approval procedures, Morpho (Safran group) announced that it has finalized the acquisition of Valores Plasticar, the card manufacturing & personalization centers of the Colombian group Carvajal, initially announced on July 12
Morpho Completes Acquisition of Carvajal’s Card Division and Becomes a Leader in the Latin American Banking Market

 

PRZOOM - /newswire/ - Paris, France, 2011/10/03 - After completing all required approval procedures, Morpho (Safran group) announced that it has finalized the acquisition of Valores Plasticar, the card manufacturing & personalization centers of the Colombian group Carvajal, initially announced on July 12. PAR: SAF | SAFRAN

   
 
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After completing all required approval procedures, Morpho (Safran group) today announced that it has finalized the acquisition of Valores Plasticar, the card manufacturing and personalization centers of the Colombian group Carvajal, initially announced on July 12, 2011. This transaction positions Morpho as a leader in the Latin American banking market.

Commenting on the closing, Philippe d’Andréa, Executive Vice President, Morpho, e-Documents Division, said: “We are delighted to have finalized this transaction, which is perfectly aligned with Morpho’s development strategy within the security market in this part of the world.”

The new business will be integrated into Morpho as of October 1, 2011. Marcelo Bellini Garcia has been appointed Managing Director of the new operation. Mr Garcia previously served as Sales and Marketing Director, Brazil and Vice President Sales Banking and IAM, Americas of Morpho’s e-Documents Division.

About Morpho
Morpho (groupe Safran), a high-technology company in the Safran group, 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.

Through its e-Documents Division, Morpho (morpho.com / safran-group.com) is a pioneer and a global leader in the smart card industry. It develops and implements cutting-edge technology to turn the vision of unbounded mobile communications and integrated digital security into a reality. The Division’s portfolio includes hardware, software, consulting and services, all focused on smart cards for the benefit of consumers and providers in the telecommunications, health, identification and banking areas.

Follow @MORPHO_NEWS on Twitter

Press Contact:
Christelle KINKEAD
T: +33 (0)1 58 11 87 44 / E: christelle.kinkead[.]morpho.com.

 
 
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Agency / Source: Safran Group

 
 

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Morpho Completes Acquisition of Carvajal’s Card Division and Becomes a Leader in the Latin American Banking Market

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Safran Group | Morpho
Contact: Nathalie Jullien - Morpho.com 
+33(0)1 58 11 89 62 nathalie.jullien[.]morpho.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Safran Group securities in any jurisdiction including any other companies listed or named in this release.

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