Safran, a manufacturer of aircraft engines announced that the company has entered into negotiations with Thales, a manufacturer of electrical systems to acquire its aeronautical electrical systems business. This electric power conversion activity also plays a role in power generation and electric motors in the civil and military aeronautics sectors. Thales Group is a French multinational company that designs, develops and manufactures electrical systems as well as devices and equipment for the aerospace, and defence, sectors.
The acquisition proposal between Safran and Thales includes Thales Avionics Electrical Systems and Thales Avionics Electrical Motors companies in France. The Thales electrical system business has 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.
Stéphane Cueille, Chief Executive Officer of Safran Electrical & Power said, “We are delighted with the prospect of joining forces with Thales’s electrical teams, which will give us even greater competences over the electrical chain, thanks in particular to their leading skills in electrical conversion. The complementary nature of our expertise will also enable us to provide the market with ever more relevant and effective solutions.”