Safran enters exclusive negotiations to acquire Thales' aeronautical electrical systems business
Safran has entered exclusive negotiations to acquire Thales' aeronautical electrical systems activities, including Thales Avionics Electrical Systems and Thales Avionics Electrical Motors. The business employs nearly 600 people and generated €124 million in revenue in 2021.
Value
$130.0M (124.0M EUR)
Productsaeronautical electrical systemspower generation equipmentelectric motors
“We are delighted with the prospect of joining forces with Thales's electrical teams, which will give us even greater competences over the electrical chain, thanks in particular to their leading skills in electrical conversion.”safran-group.com
- 3 sources
- safran-group.comSafran enters into exclusive negotiations with Thales to acquire its aeronautical electrical systems activities | SafranSep 5, 2022
- aviationpros.comSafran Enters Into Exclusive Negotiations With Thales To Acquire Its Aeronautical Electrical Systems Activities | Aviation ProsRelated To: Safran GroupSep 7, 2022
- e-powertechnology.comSafran to Acquire Thales Aviation Electrification Business – E-Power TechnologyDavid WebsterDec 5, 2022
Summarized from public sources; check the original articles before acting on it.
ENDATA