Announced
Financials
Sources
Tags
Private
Acquisition
electrical contractor
Single Bidder
Friendly
Alternative Electricity
electrical equipment
France
Synopsis
Safran Electrical & Power, a leading manufacturer of aeronautical power and electrical systems acquires Neelogy, a French start-up that has developed a disruptive technology for electrical current sensors that are tailored to the needs of the more electric aircraft, as well as hybrid and totally electric propulsion. Financial terms were not disclosed. "We are delighted with this purchase and have high expectations because Neelogy's technology is really unique and will bring real added value to our electrical systems. There has been no breakthrough in the field of current sensors for 20 years, even though they represent a key element in electrical distribution, power management and electrical network monitoring," Alain Sauret, Safran President.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.