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CFIUS Filing Clearance: Fingerprint Cards AB and Delta ID

Status:  Clearance

Acquirer:  Fingerprint Cards AB (Sweden)

Acquired:  Delta ID Inc. (U.S.)

Value:  Approx. US$106 million

Industry:  Software; biometric authentication

Fingerprint Cards AB, which develops, produces and markets biometric technology, reported on February 1, 2017 that it would be “acquiring Delta ID, a leading supplier of iris recognition technology.” (Press Release, Fingerprint Cards Expands its Reach in Biometrics by Acquiring Delta ID, a Leading Supplier of Iris Recognition Technology, Feb. 1, 2017.) According to an investor earnings call with analysts on May 4, 2017, Fingerprint Cards’ CFO stated that the company was “still waiting for CFIUS approval” for the Delta ID acquisition. (Transcript, Q1 2017 Fingerprint Cards AB Earnings Call, May 4, 2017.)  On June 7, 2017, Fingerprint Cards AB announced that it completed the acquisition of Delta ID.  (See Press Release, Fingerprint Cards AB has Finalized the Acquisition of Delta ID, June 7, 2017.)

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