Update: Safran Gets EU Approval to Acquire Part of RTX Unit Collins Aerospace

, MT Newswires -  12:14 PM ET 4/4/2025 Company News

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12:14 PM EDT, 04/04/2025 (MT Newswires) -- (Updates with additional details from the third paragraph.)

Safran has received European Commission approval for its proposed acquisition of part of the aerospace actuation business of RTX (RTX) unit Collins Aerospace, the regulator said Friday.

The approval is conditional on Safran's full compliance with the commitments it submitted, the Commission said.

The Commission said Safran offered to sell its entire North American trimmable horizontal stabilizer actuator systems operations, including facilities in Canada and the US as well as assets in Mexico, to address competition concerns.

With this commitment from Safran and following the positive feedback during the market test, the Commission said the transaction would no longer raise concerns.

The regulator said an independent trustee will monitor Safran's compliance with the agreed commitments.

Safran and Collins Aerospace didn't immediately respond to MT Newswires' request for comment.

Price: 121.14, Change: -9.09, Percent Change: -6.98

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