# 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.

- Type: Acquisition
- Announced: 2022-09-01
- Where: Paris region (Chatou, Meru, Conflans-Sainte-Honorine), France
- Value: $130.0M (124.0M EUR)
- Jobs: 600
- Status: announced
- Products: aeronautical electrical systems, power generation equipment, electric motors
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Safran](https://endata.com/companies/1270.md) (acquirer)
- [Thales](https://endata.com/companies/16630.md) (target)

## Sources

- [safran-group.com](https://www.safran-group.com/pressroom/safran-enters-exclusive-negotiations-thales-acquire-its-aeronautical-electrical-systems-activities-2022-09-05), 2022-09-05: "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."
- [aviationpros.com](https://www.aviationpros.com/aircraft-maintenance-technology/engines-parts/press-release/21279866/safran-group-safran-enters-into-exclusive-negotiations-with-thales-to-acquire-its-aeronautical-electrical-systems-activities), 2022-09-07: "Safran announced it has entered into negotiations with Thales to acquire its aeronautical electrical systems business."
- [e-powertechnology.com](https://e-powertechnology.com/2022/12/05/safran-to-acquire-thales-aviation-electrification-business/), 2022-12-05: "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."

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