Safran Electronics and Defense agreed to acquire Orolia, a positioning, navigation and timing specialist. Terms were not disclosed.
Safran entered exclusive discussions to acquire Orolia, a world leader in Resilient Positioning, Navigation and Timing solutions, from Eurazeo. The deal value was not disclosed.
Orolia, a leader in Resilient PNT solutions, signed a definitive agreement to acquire Seven Solutions, a Spanish innovator in White Rabbit sub-nanosecond time transfer technology. The transaction is expected to close before the end of 2021.
Airbus has selected Orolia to supply its Ultima-DT Emergency Locator Transmitters for all new Airbus commercial aircraft programs, including A220, A320 family, A330 and A350, to meet GADSS requirements.