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.”
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