Cobham deal boosts Thales avionics
Thales has completed the acquisition of Cobham Aerospace Communications, a leading supplier of advanced, ultra-reliable innovative safety cockpit communication and connectivity systems.
The Paris-headquartered defence, aerospace and security technologies group…
Thales has completed the acquisition of Cobham Aerospace Communications, a leading supplier of advanced, ultra-reliable innovative safety cockpit communication and connectivity systems.
The Paris-headquartered defence, aerospace and security technologies group describes the acquisition as a major milestone, complementing and strengthening its avionics portfolio and creating a worldwide player in this market. With ~734 employees, of which ~190 engineers, Cobham AeroComms operates across a well-invested footprint in France, South Africa, USA/Canada, and Denmark. This transaction will create significant value for Thales shareholders in line with the targets communicated in July 2023, when announcing the acquisition.
“The acquisition of Cobham Aerospace Communications marks a new step in the very attractive and fast-growing communications and connectivity market. We are very excited to welcome these highly skilled experts to Thales. Combined with our established expertise in avionics, Cobham Aerospace Communications’ talents and technologies represent a tremendous accelerator for a more sustainable aerospace future.” Yannick Assouad, Thales Executive Vice-President Avionics.
“Joining Thales is a great opportunity for Cobham Aerospace Communications to continue innovating in cutting-edge avionics products and growing the business. We are ready to embrace the upcoming revolution in aircraft connectivity and communication, and eager to invent a sustainable aerospace future together.” Nicolas Bonleux, Cobham Aerospace Communications Chief Executive Officer.
Thanks to this acquisition, Thales is strengthening further its offering and positioning within the connected avionic systems, building upon the recent market successes and positioning strongly as one of the key leaders.
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