Thales announces the completion of the acquisition of Cobham Aerospace Communications (AeroComms), a 'leading provider of advanced, ultra-reliable and innovative cockpit connectivity and secure communications systems'.
With around 734 employees, including some 190 engineers, AeroComms operates through well-established sites in France, South Africa, the USA and Canada, as well as Denmark. As a reminder, this transaction was announced in July 2023.
With this acquisition, which Thales believes will create significant value for its shareholders, Thales is further strengthening its offering and positioning in the field of connected avionics systems.
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Thales is one of the European leaders in manufacturing and marketing of electronic equipment and systems for the defense and security, aerospace, and transportation sectors. Net sales break down by product group as follows:
- defense and security systems (53.4%): C4I defense and security systems (control and monitoring systems, communication, protection, cyber-security, and other systems), defense mission systems, naval systems, electronic war systems, drones, air operation systems (air defense, air surveillance), ground defense systems and missiles;
- aerospace systems (28.4%): avionics equipment (cockpit, cabin multimedia, and simulation equipment), space systems (satellites, payloads, etc.);
- digital identification and security solutions (18.2%).
Besides, the group owns a 35% stake in Naval Group (manufacture of naval equipment for defense and nuclear energy sectors).
Net sales are distributed geographically as follows: France (29.5%), the United Kingdom (6.6%), Europe (24.8%), the United States and Canada (14%), Asia (9.4%), Near and Middle East (6%), Australia and New Zealand (4.4%) and other (5.3%).