BRIEF-Safran Acquires Flight Control, Actuation Activities From Collins Aerospace

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July 21 (Reuters) - Safran SA SAF.PA:

SAFRAN ANNOUNCES ACQUISITION OF FLIGHT CONTROL AND ACTUATION ACTIVITIES FROM COLLINS AEROSPACE
BUSINESS TO BE CONSOLIDATED FROM AUGUST 1ST, 2025 WITHIN SAFRAN ELECTRONICS & DEFENSE
TRANSACTION EXPECTED TO GENERATE APPROXIMATELY $50 MILLION OF ANNUAL PRE-TAX RUN-RATE COST SYNERGIES BY 2028
TO RESPECT REGULATORY REQUIREMENTS, HAS SIMULTANEOUSLY COMPLETED SALE OF NORTH AMERICAN ELECTRO-MECHANICAL ACTUATION BUSINESS TO WOODWARD, INC

Source text: https://tinyurl.com/3bprnfex

Further company coverage: SAF.PA

(Gdansk Newsroom)

((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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