Baykar Acquires Piaggio Aerospace

December 28, 2024

Turkish unmanned aircraft manufacturer Baykar has acquired Italian aircraft maker Piaggio Aerospace following approval from Italy's Ministry of Enterprises and Made in Italy. The deal gives Baykar traditional aircraft manufacturing, MRO and engine capabilities in Italy and supports plans to preserve jobs and expand production at Piaggio's facilities.

Buyers
Baykar
Targets
Piaggio Aerospace
Sellers
Italy's Ministry of Enterprises and Made in Italy, Government-controlled special administration (Piaggio Aerospace special administration)
Location
Liguria, Italy
Transaction Type
Buyout

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