Morpho Buys ABnote European Operations to Build Card, TSM Business

Smart card and ID security company Morpho hopes to increase its EMV bank card business, as well as expand its trusted service management unit, with its acquisition of the European personalization and card manufacturing operations of American Banknote Corp.

Morpho, which is part of France-based Safran Group, announced the acquisition Wednesday of ABnote’s card personalization business in France, CPS Technologies; along with ABnote Czech sro, a card manufacturer and personalization center in the Czech Republic. Together, the operations have 210 employees.

“The logic behind it, we are increasing our footprint to be closer to our customers to deliver banking cards,” Philippe d’Andréa, executive vice president for Morpho's e-documents division, told NFC Times.

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