Safran looks to acquire Thales’ aeronautical electrical systems activities and expand role in electrical power generation

©SAFRAN

International high-technology group Safran Electrical and Power (Safran) has announced its intention to acquire Thales aeronautical electrical systems business which plays a role in power generation and electric motors in the civil and military aeronautics sector. The intended purchase will include Thales Avionics Electrical Systems and Thales Avionics Electrical Motors companies in France, with sites in the Paris region in Chatou, Meru, and Conflans-Sainte-Honorine, as well as the support, maintenance and production activities for aeronautical electrical equipment in Orlando (USA) and Singapore.

The acquisition will see Safran Electrical & Power pursue its strategy as an equipment manufacturer positioned across the whole electrical chain. The electrical conversion business will make a significant contribution to Safran’s portfolio of activities, which would expand further in the area of electrical power generation, particularly in the defence and helicopter markets.

For Thales, the proposed sale to Safran forms part of the Group’s strategy to refocus on its core businesses in aerospace, defence and security, and digital identity and security. The proposed transaction is subject to the information and consultation procedure with the relevant employee representative bodies of Thales and Safran, as well as the usual regulatory approvals. The transaction is expected to conclude in 2023.

Email Post to a Friend Email Post to a Friend