# Safran and Zodiac Aerospace sign merger agreement

Safran and Zodiac Aerospace signed an agreement to merge Zodiac Aerospace into Safran, with an exchange ratio of 0.2745 Safran shares per Zodiac Aerospace share. The merger will be submitted for approval at Safran's Extraordinary Shareholders' Meeting on November 27, 2018.

- Type: Acquisition
- Announced: 2018-10-19
- Where: Lyon, France
- Value: $9.00B
- Status: announced
- Products: aerospace equipment
- 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

- [safran-group.com](https://www.safran-group.com/pressroom/signing-agreement-merge-zodiac-aerospace-safran-and-setting-exchange-ratio-2018-10-19), 2018-10-19: "Safran and Zodiac Aerospace today signed an agreement for the merger of Zodiac Aerospace into Safran."
- [aviationweek.com](https://aviationweek.com/business-aviation/safran-zodiac-aerospace-initiates-merger-integration), 2018-10-22: "Safran and Zodiac Aerospace last week signed an agreement for the merger of Zodiac Aerospace into Safran, eight months after the success of the initial tender offer; integration between the two companies is already underway."
- [safran-group.com](https://www.safran-group.com/pressroom/safran-shareholders-meeting-approves-merger-zodiac-aerospace-safran-9988-voting-favor-2018-11-27), 2018-11-27: "This consolidation opens a new chapter in the history of the group."
- [pacbiztimes.com](https://www.pacbiztimes.com/2018/12/05/safran-shareholders-approve-zodiac-aerospace-merger/), 2018-12-06: "Shareholders of French aircraft equipment manufacturer Safran overwhelmingly voted Nov. 27 in favor of a merger with Santa Maria employer Zodiac Aerospace."

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