# Baykar acquires Piaggio Aerospace

Turkish drone maker Baykar has bought Italian aircraft producer Piaggio Aerospace, which had been under special administration since filing for bankruptcy. Financial details were not disclosed.

- Type: Acquisition
- Announced: 2024-12-27
- Where: Italy
- Status: completed
- Products: aircraft
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Baykar](https://endata.com/companies/82035.md) (acquirer)
- [Piaggio Aerospace](https://endata.com/companies/82036.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/markets/deals/turkish-drone-maker-baykar-buys-italys-piaggio-aerospace-2024-12-27/), 2024-12-27: "Turkish drone maker Baykar has bought Italian aircraft producer Piaggio Aerospace, Italy's industry ministry said on Friday, without disclosing financial details."
- [turkiyetoday.com](https://www.turkiyetoday.com/turkiye/baykar-to-acquire-piaggio-aerospace-to-strengthen-global-defense-dominance-102039), 2025-01-07: "By integrating Piaggio’s aerodynamics and propulsion technologies with its own, Baykar aims to develop platforms that combine the best of both unmanned and manned systems."
- [aerospaceglobalnews.com](https://aerospaceglobalnews.com/news/piaggio-aerospace-and-baykar-sign-preliminary-business-transfer-contract/), 2025-01-27: "With a shared vision and a common commitment, we will work to preserve Piaggio's historical identity, enhance its production capacity and promote employment growth in Italy, combining innovation and respect for roots."

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