Safran To Buy Zodiac Aerospace for €8.5 Billion | Aviation International News

Safran To Buy Zodiac Aerospace for €8.5 Billion

Deal expected to accelerate recovery of Zodiac’s seats and interiors business

By Gregory Polek • Senior Editor

January 19, 2017

Safran has agreed to buy struggling French aircraft interiors supplier Zodiac Aerospace in a merger deal worth €8.5 billion ($9.1 billion). The merger, plans for which the companies announced on Thursday, would result in the third largest supplier in the aerospace industry, generating €21.2 billion in adjusted revenues and employing 92,000 people, including more than 45,000 in France.

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