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THALES has completed its acquisition of Cobham Aerospace Communications (AeroComms), a supplier of safety cockpit communication and connectivity systems.
This is a major milestone for THALES, complementing and strengthening its avionics portfolio and creating a worldwide player in this market. With around 734 employees, of whom approximately 190 are engineers, AeroComms operates across a well-invested footprint in France, South Africa, the US, Canada and Denmark. This transaction will create significant value for THALES shareholders in line with the targets communicated in July 2023, when the acquisition was announced.
"The acquisition of Cobham Aerospace Communications marks a new step in the very attractive and fast-growing communications and connectivity market. We are very excited to welcome these highly skilled experts to THALES. Combined with our established expertise in avionics, Cobham's talents and technologies represent a tremendous accelerator for a more sustainable aerospace future," says executive vice president avionics Yannick Assouad.
"Joining THALES is a great opportunity for Cobham Aerospace Communications to continue innovating in cutting-edge avionics products and growing the business. We are ready to embrace the upcoming revolution in aircraft connectivity and communication, and are eager to invent a sustainable aerospace future together," adds Cobham CEO Nicolas Bonleux.