Amadeus to Buy Idemia Public Security for 1.2 Billion Euros
Spanish travel tech firm Amadeus will acquire Idemia Public Security for 1.2 billion euros. The deal aims to boost growth at airports and border checkpoints.
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AMADEUS IT GROUP SA will acquire French biometrics firm Idemia Public Security for €1.2 billion ($1.40 billion) in an all-cash transaction. The Spain-based travel technology giant is purchasing the unit from private equity firm Advent International. The deal expands Amadeus's addressable market to €50 billion and accelerates its push into airport and border biometric security.
