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04/2026

IDEMIA PUBLIC SECURITY acquired by AMADEUS

FRANCE Software / Industry-Specific Software EV 1b - 4b EUR

Context

The acquisition of Idemia Public Security (IPS) by Amadeus represents a transformational transaction, marking a significant milestone in the structured divestment strategy of Advent International. Strategically, this acquisition allows Amadeus to internalize world-class biometric capabilities, directly supporting its vision for a modernized and secure global travel infrastructure. The transaction follows a highly competitive auction process exclusively targeting industrial buyers, where the Spanish group successfully leveraged its strong pro forma balance sheet to outbid international competitors. From a transaction facts perspective, the deal reflects the ongoing de-merger of the Idemia group into specialized business units, following the prior sale of its Smart Identity division.

IDEMIA PUBLIC SECURITY, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the TMT (Tech, Media, Telecom) sector (15.1x).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Idemia Public Security (IPS) is a global leader in biometric identification and security solutions, specialized in high-assurance technology for government agencies and industrial operators. Headquartered in France, the company provides a sophisticated suite of biometric tools, including facial recognition, fingerprint identification, and iris scanning, utilized for border control, national identity systems, and law enforcement. Its business model is built on mission-critical software and hardware integration that ensures the integrity and security of public identity data. By leveraging advanced algorithms and large-scale data processing, the firm facilitates seamless and secure transit through international travel hubs and government facilities. The company’s value proposition is centered on its technical leadership in biometric accuracy and its ability to manage complex, highly regulated security environments on a global scale.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2025
2024

Similar deals in Software

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
05/2026DOCTOLIBMEDICUSUnited KingdomHealthcare
05/2026OAKLEY CAPITAL INVESTMENTSXTELBELGIUMCRM & Sales
04/2026TEAMSYSTEMACDFRANCEERP, HR & Finance
04/2026ADVENT INTERNATIONALTINEXTAITALYIndustry-Specific Software
04/2026HR PATHCOVALENCE CONSULTINGUNITED STATESERP, HR & Finance
04/2026TURENNE CAPITALKIZEOFRANCEConstruction / Real Estate
04/2026LONG PATH PARTNERSIDOXUNITED KINGDOMIndustry-Specific Software
04/2026IKS HEALTHTRUBRIDGEUNITED STATESHealthcare
04/2026ATHOS CONSORTIUM / A.P. MOLLER HOLDINGDOCTOLIBFRANCEHealthcare
04/2026RELXDOCTRINEFRANCEIndustry-Specific Software

REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 450M - 900M EUR

EBITDA range: 100M - 200M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of IDEMIA PUBLIC SECURITY by AMADEUS are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: idemia public security

Acquirer: amadeus