Safran finalises acquisition of Collins Aerospace flight controls business
Safran, which also makes landing gear, brakes and cabin interiors, said the transaction is expected to generate around $50 million of annual run-rate cost synergies by 2028.
Collins Aerospace business, which generated about $1.55 billion in revenue in 2024, will be consolidated into Safran electronics and defense from August 1, the company added.
'This acquisition offers a unique opportunity to solidify our position in mission-critical flight control and actuation functions and create a global leader in this domain," Safran CEO Olivier Andries said in a statement.
The European Commission cleared the transaction in April, nearly two years after the deal was first announced.
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