Airbus, Safran and Tikehau Ace Capital to acquire Aubert & Duval from Eramet for $108m.

Airbus, an aerospace products provider, Safran, a French multinational aircraft engine, rocket engine, aerospace-component and defense company, and Tikehau Ace Capital, a private equity firm, agreed to acquire Aubert & Duval, a provider of high-performance steels, superalloys, titanium and aluminum, from Eramet, a French multinational mining and metallurgy company, for $108m. "The announcement of this agreement is a very good news. Once finalized, it will enable Aubert & Duval, a strategic player in the sector, to join forces with leading aerospace players. I am confident in Aubert & Duval’s ability to develop in a sustainable manner, in the interests of its employees and its clients. With this divestment project, Eramet is taking a major step forward in its strategic transformation and is about to write a new chapter of its history with the ambition of becoming a reference for responsible transformation of the Earth’s mineral resources, for living well together," Christel Bories, Eramet Chair and CEO.