October 30th, 2019 Advised by Natixis Partners, Idemia sold its Railway business to Rail Industries

Idemia (former OT-Morpho), the global leader in Augmented Identity sold its Railway activities to Rail Industries, a French investment holding whose mission is to integrate railway sector SMEs. Rail Industries is already active in rail signalling systems through its subsidiary SNIC, a manufacturer of connectors for rail signalling acquired in 2017. In order to achieve this operation, Rail Industries is backed by Innovafonds which injected €10m in equity, completed by funding from EMZ Partners which provides a mezzanine debt.

The Railway business of Idemia, inherited from Sagem Securité (Morpho), design and manufacture train detectors (Cautor & Forfex products) and tracks-and-train communication systems. French railway networks (SNCF, RATP) and many international networks are clients of such equipment.

In connection with its strategy, Idemia wanted to sell this business and refocus on Augmented Identity activities.

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M&A team:

manuel lasry
managing director

pierre ruaud
executive director

thomas d’espois
vice president

alexandre amirault