Safran Expands Horizons: Acquires AI Firm Preligens for €220 Million

Monday, 2 September 2024, 00:37

Safran has made a strategic move by acquiring AI firm Preligens for €220 million. This acquisition will enhance Safran's capabilities in artificial intelligence, particularly in aerospace and defense sectors. Preligens, now rebranded as Safran.AI, is pivotal in developing solutions that analyze satellite imagery for military purposes, escalating innovation in the industry.
Indiatimes
Safran Expands Horizons: Acquires AI Firm Preligens for €220 Million

Strategic Acquisition by Safran

French jet engine maker Safran announced on Monday its decision to acquire the AI firm Preligens for €220 million ($243.3 million). This strategic move will enhance Safran's position in the artificial intelligence sector, particularly for applications in aerospace and defense.

About Preligens

Preligens, known for its cutting-edge work in AI technology, specializes in creating complex algorithms and software that can analyze and automatically detect military objects using commercial and government satellite imagery. Following the acquisition, the company will be rebranded as Safran.AI and become a part of the Safran Electronics & Defense business segment.

Future Prospects in AI

Franck Saudo, CEO of Safran Electronics & Defense, reaffirmed the commitment to support the development of Preligens' solutions: “By combining our strengths, we’re determined to open up entirely 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.


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