Avionics
Safran Bids To Buy Collins Actuator and Controls Units
$1.8B deal to close in 2H2024
Collins Aerospace actuation system on an aircraft engine nacelle.
Collins Aerospace's businesses include hydraulic and mechanical actuation systems. (Photo: Collins Aerospace) © Collins Aeropsace

Safran plans to acquire the actuation and flight control businesses of Collins Aerospace, the French aerospace group announced today. The company told analysts and investors it has made a cash offer based on a valuation of the Raytheon Technologies subsidiary of $1.8 billion.

According to Safran, the sale is subject to regulatory approval by financial authorities and consultation with employee groups at both companies. Safran indicated it does not expect to close what it described as a “contemplated” transaction until the second half of 2024.

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