Safran enters exclusive discussions to acquire Orolia

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Safran has entered exclusive discussions to acquire Orolia from Eurazeo alongside the founders and management. Orolia is a leader in Resilient Positioning, Navigation and Timing (PNT) solutions which improve the reliability, performance and safety of critical civilian, military and space operations, including in harsh or altered Global Navigation Satellite System (GNSS) environments.

Orolia has a broad portfolio of technologies across the Resilient PNT value-chain with full system capabilities and is a provider of PNT equipment, simulation and test solutions. Orolia is also providing emergency locator beacons for commercial aviation and military applications.

This acquisition represents a unique opportunity for Safran and Orolia to extend their Resilient PNT solutions, through their remarkable complementarities. With this addition, Safran will be able to establish a world-leading position in all aspects of PNT, inertial navigation, time and GNSS receivers and simulators, covering aerospace, governmental and high-integrity applications.

Safran intends to accelerate the development of Orolia under the leadership of its current CEO, Jean-Yves Courtois, and in full collaboration with its teams. The mutual customer base will benefit from the leveraging of respective strengths and route-to-market capabilities.

Orolia is expected to generate revenues of more than €100 million (£85.5 million) in 2021 and has approximately 435 employees with facilities in France, United States, Switzerland, Spain and Canada.

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