The French aerospace firm offers €128.50 per share for the sea drone manufacturer in a potential all-cash deal.
Safran is in advanced talks to acquire Exail Technologies for approximately €2.2 billion ($2.5 billion), according to a joint statement. The proposed deal values Exail at €128.50 per share, reflecting a premium to recent trading levels.
Exail, a specialist in maritime drones and robotics, has seen growing demand for autonomous underwater systems. Safran’s offer follows a period of consolidation in the European defense and aerospace sectors, with peers pursuing similar strategic acquisitions.
No immediate market reaction was disclosed, though shares of both companies may see volatility pending further details.