IDEMIA PUBLIC SECURITY
Acquired by
AMADEUS
IDEMIA PUBLIC SECURITY acquired by AMADEUS
Target
IDEMIA PUBLIC SECURITY
Acquirer
AMADEUS
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 LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN discount to the average currently observed in the TMT (Tech, Media, Telecom) sector (13.4x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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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
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Equity Value
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Multiples Analysis
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Other operations with IDEMIA PUBLIC SECURITY
REFERENCES
Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Target: idemia public security
Acquirer: amadeus