Safran Boosts AI Capabilities with $243 Million Deal for Preligens
Safran's Strategic Move in AI
On September 2, 2024, Safran announced the successful acquisition of $243 million purchase of the French AI firm Preligens, following negotiations that began in June 2024. This multi-million-dollar deal is poised to enhance Safran’s portfolio in AI technologies.
Detailing the Acquisition
As part of this agreement, Preligens will be rebranded as Safran.AI, integrating into Safran Electronics & Defense. This move is anticipated to accelerate Safran's development of AI in various products and services.
- Preligens specializes in AI analytics solutions for high-resolution imagery.
- It develops complex algorithms for military applications using satellite imagery.
Jean-Yves Courtois, CEO of Preligens, expressed his enthusiasm, stating, “Joining Safran marks a new stage in our development... the many synergies will enable us to develop new AI product lines.”
Future Implications
Franck Saudo, CEO of Safran Electronics & Defense, expressed delight in welcoming Preligens and emphasized the shared goal of enhancing AI solutions. He stated, “By combining our strengths, we’re determined to support Preligens’ AI solutions and explore new areas of AI application in aviation, defense, and space.”
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.