French company Safran has announced its plans to buy the positioning, navigation, and timing (PNT) product provider Orolia from Eurazeo.
The company is currently holding exclusive negotiations related to the acquisition.
Safran noted that the acquisition will complement its navigation portfolio and expand its international footprint.
Orolia has a wide range of technologies across the resilient PNT value-chain with full-system capabilities and is a provider of PNT equipment, simulation, and test solutions.
The navigation technology company also provides emergency locator beacons for military and commercial aviation applications.
Safran CEO Olivier Andriès said: “Combining Safran and Orolia’s capabilities will create a world leader in resilient positioning, navigation and timing systems for all applications.
“This is fully in line with the strategy outlined at our recent capital markets day to strengthen our position in key technologies for our sovereignty activities.”
With its team’s cooperation, Safran plans to accelerate Orolia’s development under its current CEO Jean-Yves Courtois.
The acquisition, if completed, will also enable the two companies to extend their resilient PNT solutions.
The deal is expected to take place in mid-2022 and upon closing, Orolia will be merged with Safran’s equipment and defence division.
The transaction is, however, dependent on securing the usual regulatory approvals.
Orolia CEO Jean-Yves Courtois said: “The combination of Orolia and Safran will create a PNT world leader with capabilities that will be unsurpassed in depth and breadth.
“Our perfect complementarity in terms of technology expertise, market presence and geographic footprint will allow us to push resilient PNT to the next level and to offer our government, aerospace, and commercial customers the most advanced solutions they need for their critical operations.
“Orolia will contribute especially through its world-leading positions in timing, GNSS simulation, and emergency location technologies, and through its strong presence in the US market.”
In June last year, Orolia won a contract to supply multiple BroadSim advanced GPS simulator systems to the US military.