Safran has announced the company’s contemplated acquisition of Collins Aerospace’s high-technology actuation and flight control activities.
The activities area of the business, which is mission critical for commercial and military aircraft and helicopters, has around 3,700 employees across eight facilities in Europe and Asia and also benefits from MRO and engineering capabilities. Closing of the contemplated transaction is expected to happen in H2 2024.
Olivier Andriès, Chief Executive Officer of Safran, commented: “The contemplated transaction represents a unique opportunity to develop our position in mission critical actuation and flight control functions. Our highly complementary product offerings would create a global leader in these segments with around $1.8 billion of sales.
“The transaction would enable us to deliver a comprehensive offering to our clients and position us extremely well for next-generation platforms as the segments move toward increased electrification. The business is a perfect fit with both our product portfolio and our DNA with leading technologies, recurring aftermarket sales, and profitable growth.”
According to Safran, the contemplated transaction is subject to the information and consultation procedure with the relevant employee representative bodies of Collins and Safran, as well as the customary regulatory approvals and closing conditions.
