Thales has entered into an exclusive US$1.1 billion negotiation to acquire Cobham Aerospace Communications (AeroComms). The transaction is expected to close during the first half of 2024 following customary merger control and regulatory approvals completions.
AeroComms has approximately 690 employees, including 190 engineers, operating across France, South Africa, USA and Canada, as well as Denmark, with $200 million in revenue expected in 2023. With the acquisition of the safety cockpit communication systems supplier, Thales aims to strengthen its Avionics portfolio.
Yannick Assouad, Executive Vice-President Avionics at Thales, said: “With the acquisition of Cobham Aerospace Communications and its highly skilled team of aerospace communications experts, and combined with our own critical avionics experts, Thales will establish a game-changer in the very attractive and fast-growing communications and connectivity market to the benefit of a more sustainable aerospace future.
“By guaranteeing a cyber-secured, live connection between the cockpit and air traffic control, aircraft will be able to fly optimised trajectories in real time, significantly reducing fuel consumption and, consequently, CO2 emissions in the next two to three years.”
Nicolas Bonleux, Chief Executive Officer, Cobham Aerospace Communications, added: “This acquisition reflects the successful transformation of Cobham Aerospace Communications in recent years under Advent’s ownership. We are proud to join Thales, which will provide Cobham Aerospace Communications with a platform to build on recent success, continue the development of several cutting-edge avionics products, and ensure the business’s future growth.
“The aircraft connectivity and communication markets will undergo a true revolution in the coming years, which will unlock potential for unique avionics products like ours. Our combined offering with Thales Avionics will enable us to further accelerate our contribution to safer, greener, more comfortable and more efficient air travel.”
Image: Cobham Aerospace Communications logo
