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Press Release - Safran enters into exclusive discussions to acquire Preligens

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Safran enters into exclusive discussions to acquire Preligens, a leader in artificial intelligence for aerospace and defense.

Safran today announces that it has entered into exclusive discussions to acquire 100% of Preligens, a leader in artificial intelligence (AI) for aerospace and defense, for an enterprise value of 220 million euros.

This potential acquisition represents a unique opportunity for Safran to add state-of-the-art AI capabilities to its product offering and to accelerate its digital transformation roadmap in particular for Manufacturing 4.0. Through its global presence, Safran will also be able to reinforce the development of Preligens internationally, in particular in the U.S. market.

Olivier Andriès, Safran Chief Executive Officer commented: “The proposed acquisition of Preligens will boost the adoption of AI within the Group, thus optimizing our agility and efficiency. With multiple applications, it will represent a step-change for our defense and space technology businesses and will also allow us to deploy AI-enabled digital inspection methods to support our focus on flight safety and quality”.

Jean-Yves Courtois, Preligens Chief Executive Officer commented: “In 8 years, Preligens has become a recognized leader in its field. We are thrilled at the potential to boost our business in the USA, to jointly define innovative AI-powered applications, and to pioneer Industry 4.0 AI technologies. The proposed acquisition will open a new chapter in Preligens’ success story, with more opportunities for our employees to learn, grow and excel.”

The transaction will be subject to the usual regulatory approvals, as well as the information and consultation of Preligens’ employee representatives. The closing is expected in the third quarter of 2024.