Morningstar

Safran In Talks to Buy Exail Technologies in $2.5 Billion Offer

Provided by Dow Jones Jun 26, 2026, 1:31:00 PM

By Mauro Orru

Safran said it had entered into exclusive negotiations with the Gorge family to acquire its stake in Exail Technologies through an offer that values the group at roughly 2.19 billion euros ($2.49 billion).

The French aerospace-industry supplier said talks were focusing on an offer price of 128.50 euros per share for Exail, which specializes in maritime robotics and navigation systems. The Gorge family commands a roughly 43.9% stake in the company, according to Euronext.

Exail shares traded at 93.50 euros on Thursday's close.

Safran shares are down more than 2%, while Exail shares were halted nearly 20% higher. Safran said there could be no guarantee that a deal would be reached.

Write to Mauro Orru at mauro.orru@wsj.com

(END) Dow Jones Newswires

June 26, 2026 09:31 ET (13:31 GMT)

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