Safran ac­quires Ea­ton So­lu­tions busi­ness

SP's MAI - - CORPORATE -

Safran has com­pleted the ac­qui­si­tion of the Aero­space Power Dis­tri­bu­tion Man­age­ment So­lu­tions and the In­te­grated Cock­pit So­lu­tions busi­ness of Ea­ton. The de­fin­i­tive agree­ment to ac­quire the businesses and the fi­nan­cial terms of the trans­ac­tion were an­nounced on Jan­uary 20, 2014.

The busi­ness gen­er­ated rev­enues of ap­prox­i­mately $102 mil­lion and EBITDA in ex­cess of $14 mil­lion in 2013. Aero­space Power Dis­tri­bu­tion Man­age­ment So­lu­tions ac­count for around 60 per cent of the ac­tiv­ity, and In­te­grated Cock­pit So­lu­tions around 40 per cent. The busi­ness em­ploys ap­prox­i­mately 350 people at man­u­fac­tur­ing fa­cil­i­ties in Costa Mesa, Cal­i­for­nia, and Sara­sota, Florida.

The busi­ness will be con­sol­i­dated by Safran with ef­fect from May 9, 2014. The Aero­space Power Dis­tri­bu­tion Man­age­ment So­lu­tions ac­tiv­i­ties will be con­sol­i­dated within the Air­craft Equip­ment busi­ness. The In­te­grated Cock­pit So­lu­tions ac­tiv­i­ties will be con­sol­i­dated within the de­fence busi­ness.

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