Safran, a leading aerospace and defense company, has announced its intention to acquire Collins Aerospace’s high-technology actuation and flight control activities. These mission-critical functions are essential for both commercial and military aircraft, as well as helicopters. The business operates across eight facilities in Europe (France, UK, and Italy) and Asia, with approximately 3,700 employees. It also possesses valuable maintenance, repair, and engineering capabilities. The acquisition is expected to generate sales of approximately $1.5 billion and an EBITDA of $130 million in 2024.
The transaction is also projected to generate approximately $50 million in annual pre-tax run-rate cost synergies, with implementation expected from 2025 to 2028. These synergies will arise from various factors, including economies of scale in procurement, R&D complementarity, and internalization of sourcing and production flows. Additionally, the deal is anticipated to bring commercial synergies through integrated offerings and diversification of customers and geographic mix. Post 2028, commercial synergies are expected to continue, with achievements on next-generation aircraft by the mid-2020s.