 On May 31st, 2017, Advent International and Bpifrance announced the completion of the acquisition of Safran Identity & Security (Morpho, now renamed IDEMIA), after receiving clearance from antitrust and regulatory authorities.The aim was to ""create a global leader in identification and security, based in France, with over €2.8 billion in revenue.By combining Safran I&S’s leadership in end-to-end biometric and identity solutions with OT’s leadership in digital embedded security, the two companies will be uniquely positioned to accelerate the convergence between governmental and commercial markets.""