# Safran to acquire Zodiac Aerospace for $7.7 billion

French aero engine maker Safran is set to secure EU approval for its $7.7 billion bid for aircraft seat maker Zodiac Aerospace, creating the world's third-largest aerospace supplier.

- Type: Acquisition
- Announced: 2017-12-15
- Where: France
- Value: $7.70B
- Status: announced
- Products: aircraft seats, aero engines
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Safran](https://endata.com/companies/1270.md) (acquirer)
- [Zodiac Aerospace](https://endata.com/companies/16238.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/article/us-zodiac-aero-m-a-safran-eu-exclusive/exclusive-safran-zodiac-deal-expected-to-win-unconditional-eu-approval-source-idUSKBN1E927T/?feedName=businessNews&feedType=RSS), 2017-12-15: "Safran is set to secure an EU green light for its $7.7 billion bid for aircraft seat maker Zodiac Aerospace"
- [reuters.com](https://www.reuters.com/article/world/europe/eu-clears-merger-of-french-aerospace-suppliers-safran-and-zodiac-idUSKBN1EF19W/), 2017-12-21: "The European Commission cleared the merger of French aerospace suppliers Safran and Zodiac without imposing conditions."
- [reuters.com](https://www.reuters.com/article/us-zodiac-aero-m-a-safran-eu/eu-clears-merger-of-french-aerospace-suppliers-safran-and-zodiac-idUSKBN1EF19X/), 2017-12-21: "The European Commission cleared the merger of French aerospace suppliers Safran and Zodiac without imposing conditions."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.