Safran, a France-based defense technology company, is expected to buy the biometric and identity management units of L-1 Identity Solutions, according to a Reuters article.
L-1 hired Goldman Sachs this past February to help sell the company which is expected to top out near $1.1 billion between the sale of both the identity and consulting divisions.
L-1’s on the market is being seen as part of a trend wherein a number of smaller security technology companies have been getting purchased by larger firms totaling in $4.5 billion so far this year.
Another large technology company bidding on L-1’s identity division is Japan–based NEC, however, Safran is currently the highest bidder in the auction.
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