Woodward Acquires Safran Electronics & Defense North American Electromechanical Actuation Business
December 20, 2024
Woodward (NASDAQ: WWD) signed a definitive agreement to acquire Safran Electronics & Defense’s electromechanical actuation business operating in the United States, Mexico and Canada, including IP, operations, talent and long-term customer agreements for Horizontal Stabilizer Trim Actuation (HSTA) systems. The acquisition strengthens Woodward's electromechanical actuation and flight-control product platform (notably supporting Airbus A350 programs); the transaction is expected to close in mid-2025 and financial terms were not disclosed.
- Buyers
- Woodward, Inc.
- Targets
- Safran Electronics & Defense electromechanical actuation business (North America)
- Sellers
- Safran Electronics & Defense (Safran)
- Industry
- Aerospace & Defense
- Location
- United States
- Transaction Type
- Divestiture
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