M&A Deal Summary

Safran Acquires Preligens

On June 24, 2024, Safran acquired information technology company Preligens from Wendel Group for 220M EUR

Acquisition Highlights
  • This is Safran’s 5th transaction in the Information Technology sector.
  • This is Safran’s 2nd largest (disclosed) transaction.
  • This is Safran’s 11th transaction in France.

M&A Deal Summary
Date 2024-06-24
Target Preligens
Sector Information Technology
Buyer(s) Safran
Sellers(s) Wendel Group
Deal Type Add-on Acquisition
Deal Value 220M EUR

Target

Preligens

Paris, France
Preligens develops pioneering technology to enhance operational decision-making to build a safer world. Its artificial intelligence solutions are based on an automated analysis of geospatial intelligence (GEOINT) workflows. Preligens was founded in 2016 and is based in Paris, France.

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Buyer(S) 1

Buyer

Safran

Paris, France
Category Company
Founded 1924
Sector Aerospace
Employees87,055
Revenue 23.7B EUR (2023)
DESCRIPTION

Safran company operates in four segments: aerospace propulsion, aircraft equipment, defence, and security. Safran was founded in 1924 and is based in Paris, France.

DEAL STATS #
Overall 24 of 24
Sector (Information Technology) 5 of 5
Type (Add-on Acquisition) 18 of 18
Country (France) 11 of 11
Year (2024) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-01 DRIESSEN

Alkmaar, Netherlands

DRIESSEN is a provider of catering equipment offering a complete range of trolleys and containers for the catering activities of airlines and rail companies. The company’s leadership stems from its complete range of high-quality products, a global network and long-lasting, trusting relationships with more than 200 airlines. DRIESSEN was founded in 1986 and is headquartered in Alkmaar, The Netherlands.

Sell -

Seller(S) 1

SELLER

Wendel Group

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1704
Size Large
Type Sector Agnostic
DESCRIPTION

Wendel Group is a publicly traded investment group that seeks to invest €200 to €700 in public and private companies. The Firm focuses on opportunities across France, Germany, and the Benelux, but will also consider opportunities in greater Europe, North America, and select regions of Africa. Target companies typically exhibit predictable cash-flows, high barriers to entry, and are leaders in their respective markets. Wendel was originally established in 1704 and is based in Paris.

DEAL STATS #
Overall 14 of 14
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 4 of 4
Country (France) 6 of 6
Year (2024) 1 of 1
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-11 YesWeHack

Paris, France

YesWeHack is a cybersecurity technique consisting of incentivizing a community of ethical hackers to detect and report vulnerabilities in exchange for bounties. YesWeHack was founded in 2015 and is based in Paris, France.

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