A merger between Thales and Sagem Defence Securite, the defence and security unit of Safran, “would make sense” although Sagem is not for sale, Thales chairman Denis Ranque says.
Earlier this week, French media reported Thales and Safran were preparing to start merger plans.
Go deeper with GlobalData
Commenting on the report, Ranque says Thales is interested in expanding and is exploring all possibilities.
“It would make sense, if [Sagem] is involved in the same sectors, but as far as I know it is not for sale,” Ranque says.
A merger between Thales and Safran would create the world’s second largest aerospace equipment supplier after General Electric, with sales of €24bn.
See Also:
By staff writer
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
