# Britten-Norman and Cranfield Aerospace Solutions to merge

Britten-Norman and Cranfield Aerospace Solutions (CAeS) signed a Heads of Terms agreement to merge, creating a zero-emissions sub regional aircraft company. A consortium led by HydrogenOne Capital Growth Plc will invest up to £10 million in the new company.

- Type: Acquisition
- Announced: 2023-04-21
- Where: United Kingdom
- Value: $12.4M (10.0M GBP)
- Status: announced
- Products: zero-emissions sub regional aircraft, hydrogen-electric fuel cell propulsion system
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Cranfield Aerospace Solutions](https://endata.com/companies/20403.md)
- [Britten-Norman](https://endata.com/companies/69867.md)
- [Cranfield Aerospace Solutions](https://endata.com/companies/20403.md) (acquirer)
- [Cranfield Aerospace Solutions](https://endata.com/companies/20403.md) (target)
- [Britten-Norman](https://endata.com/companies/69867.md) (target)
- [HydrogenOne Capital Growth Plc](https://endata.com/companies/69868.md) (investor)
- [Safran Corporate Ventures](https://endata.com/companies/69869.md) (investor)
- [Strategic Development Fund](https://endata.com/companies/69870.md) (investor)

## Sources

- [britten-norman.com](https://britten-norman.com/new-uk-green-aircraft-business-formed-to-accelerate-transition-to-zero-emissions-flight/), 2023-04-21: "This deal accelerates our roadmap for the introduction"
- [ainonline.com](https://www.ainonline.com/aviation-news/air-transport/2023-04-21/britten-norman-cranfield-aerospace-sign-merger-deal), 2023-04-21: "The merger calls for HydrogenOne Capital Growth Plc—a consortium of CAeS investors consisting of HydrogenOne, Safran Corporate Ventures, and UAE-based investment firm Strategic Development Fund (SDF)—to invest up to £10 million in the new company."
- [revolution.aero](https://www.revolution.aero/news/2023/04/21/cranfield-aerospace-and-britten-norman-to-merge/), 2023-04-21: "Cranfield Aerospace Solutions (CAeS) and Britten-Norman have announced plans to merge and create a UK-based zero-emissions aircraft OEM with plans to be flying in 2026."
- [pilotweb.aero](https://pilotweb.aero/news/cranfield-aerospace-solutions-and-britten-norman-to-form-new-company/), 2023-04-27: "This is the first time an OEM has developed a hydrogen-powered sub-regional aircraft."
- [engineeringnews.co.za](https://www.engineeringnews.co.za/article/two-uk-companies-to-merge-to-form-worlds-first-integrated-zero-carbon-aircraft-maker-2023-05-12), 2023-05-12: "The merging of Britten-Norman and [CAeS] will create a new market leader in green aircraft manufacturing"

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