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M&A Deal Summary

Textron Acquires Pipistrel

On March 17, 2022, Textron acquired aerospace company Pipistrel

Acquisition Highlights
  • This is Textron’s 7th transaction in the Aerospace sector.
  • This is Textron’s 1st transaction in Slovakia.

M&A Deal Summary
Date 2022-03-17
Target Pipistrel
Sector Aerospace
Buyer(s) Textron
Deal Type Add-on Acquisition

Target

Pipistrel

Ajdovščina, Slovakia
Pipistrel is an electrically powered aircraft company that offers a family of gliders and light aircraft with both electric and combustion engines, has delivered more than 2,500 light aircraft worldwide since its founding, and additionally has both hybrid and electric propulsion models under development. Pipistrel was formed in 1989 and is based in Ajdovščina, Slovakia.

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Buyer(S) 1

Buyer

Textron

Providence, Rhode Island, United States
Category Company
Founded 1923
Sector Diversified
Employees34,000
Revenue 13.7B USD (2024)
DESCRIPTION
Textron's corporate headquarters in downtown Providence, Rhode Island.
Textron's corporate headquarters in downtown Providence, Rhode Island.

Textron is a multi-industry company that leverages a global network of aircraft, defense, industrial and finance businesses to provide customers with products and services around the world. Textron was founded in 1923 and is based in Providence, Rhode Island.

DEAL STATS #
Overall 48 of 48
Sector: Aerospace M&A 7 of 7
Type: Add-on Acquisition M&A Deals 39 of 39
Country: Slovakia M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-24 TRU Simulation + Training

Lutz, Florida, United States

TRU Simulation + Training, Inc. delivers innovative training solutions, from full flight simulators to necessary training coursewares, to the commercial and military markets - all while providing superior technical support and customer service.

Sell $40M
Mergr

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