The Homeland Protection business will become part of SAFRAN's Defense Security division, and its headquarters will stay in Newark, CA.
Tuesday, April 28, 2009
SAFRAN Buying Majority Stake in GE Homeland Protection
Anonymous let us know that Europe's SAFRAN is going to acquire 81% of GE Security's Homeland Protection business for $580 million. Both BODs have approved the sale, which is now subject to regulatory approval. SAFRAN decided to make this move in order to become a global player in airport security solutions.
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