Story ID: 
Safran Acquires Thales' Electrical Systems Business
By: Matt Thurber
Caption: The acquisition includes facilities in France, the U.S., and Singapore
Word Count: 200
Safran completed the acquisition of Thales’ aeronautical electrical systems business on Monday. The deal, which was announced last year, includes Thales’ electric conversion and power generation products and electric motors for civil and military aircraft.
In 2022, the Thales business unit generated revenue of €145 million ($152 million) and it employs nearly 600 people. It includes Thales Avionics Electrical Systems and Thales Avionics Electrical Motors with three sites in France at Chatou, Meru, and Conflans-Sainte Honorine, and also the MRO, support, and production activities in Orlando, Florida, and Singapore. The French facilities’ business activities were immediately integrated into Safran Electrical & Power, while the Orlando and Singapore operations must wait until certain certification approvals are obtained, according to Safran. 
"Thanks to these new electrical skills, particularly in conversion, we are adding a new string to the bow of our business portfolio and consolidating Safran Electrical & Power's leading position across the entire electrical chain,” said Stéphane Cueille, CEO of Safran Electrical & Power. “This acquisition will enable us to bring even more relevant and effective solutions to the market. We look forward to working with the new teams on decarbonizing aviation through electric power.”