The newspaper La Tribune stated on June 15 that the Safran group had won an auction to acquire Preligens, information that the two parties had not confirmed.
The Safran group announced on Monday that it had entered into exclusive discussions to acquire the entire capital of the French SME Preligens, one of the leaders in artificial intelligence (AI) in the aerospace and defense sectors, “for a company value estimated at 220 million euros”. The newspaper La Tribune stated on June 15 that the Safran group had won an auction to acquire Preligens, information that the two parties had not confirmed.
“Preligens offers proven AI-based solutions to analyze high-resolution images, full motion video (FMV) and acoustic signals” And “develops complex algorithms and software to analyze and automatically detect and identify objects of military interest, particularly from commercial or government satellite images”explains Safran.
In October 2022, Preligens won a 240 million euro contract from the French Ministry of Defense for mass data processing for seven years. By acquiring Preligens, the Safran group, which operates in the fields of aeronautics, space and defense, intends to support “Development” of SME “around the world, particularly on the American market”.
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Founded in 2016, Preligens boasts a turnover of 28 million euros in 2023 and 220 employees, “including 140 engineers for the Research & Development division”, indicates the Safran press release. The buyout operation “is subject to the usual regulatory approvals, as well as the applicable procedures in terms of information and consultation of Preligens staff representatives. The finalization of this transaction is expected in the third quarter of 2024.specifies Safran in its press release.
