Safran in exclusive talks to acquire French defense tech firm Exail Technologies for over €2 billion (opex360.com)

• Safran offers €128.50 per share for Exail Technologies, valuing it at €2.2 billion.
• Exail Technologies specializes in underwater robotics and inertial navigation for military applications.
• The acquisition would enhance Safran's defense capabilities.

"French aerospace group Safran has entered exclusive negotiations to acquire Exail Technologies, a specialist in underwater robotics and inertial navigation. The offer is €128.50 per share, valuing the company at €2.2 billion. The deal would start with the purchase of the controlling stake held by the Gorgé family, followed by a mandatory tender offer. Exail, formed in 2022 from the merger of ECA Group and iXblue, employs 2,000 people and had €370 million revenue in 2024. Safran aims to bolster its defense business."