Morpho completes ABnote European card processing acquisition
Morpho (Safran), a leading supplier of identification, detection and e-document solutions, confirmed that it has finalized the acquisition of CPS Technologies SAS and ABnote Czech sro from American Banknote Corporation, initially announced on November 7, 2012.
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CPS Technologies SAS is a leader in bank card personalization in France and employs 125 people; ABnote Czech sro, a card manufacturing and personalization center based in the Czech Republic, employs 85 people.
With this acquisition effective as of December 10, Morpho will enhance its European network of bank card personalization centers and improve its ability to offer its customers proximity payment card solutions and services.