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Log in Request a free trial. Request a free trial Log in. Zodiac Aerospace. Zodiac Aerospace Overview Update this profile. Founded Employees 35, Financing Rounds 9. Investments Zodiac Aerospace General Information Description Manufacturer of aerospace equipment and systems intended for the on-board commercial, regional and business aircraft and helicopters. Formerly Known As. Ownership Status. Financing Status. Corporate Backed or Acquired. Primary Industry.
Aerospace and Defense. Other Industries. Machinery B2B. Other Commercial Products. Safran Group. Primary Office. It will strengthen our position and create significant value through integration and synergies. The Board of Directors is unanimously supportive because it is favorable for Safran's shareholders, employees and partners. I extend a warm welcome to Zodiac Aerospace's teams with whom we are excited to embark on this journey.
Didier Domange, Chairman of Zodiac Aerospace's Supervisory Board, said: "The creation of this new global leader in the aerospace industry is led by a strong industrial rationale and a long term vision. The new group will be ideally positioned to support its clients in their ambitious programs for the future.
We are delighted to participate in the combination of two leaders of the industry with complementary positions and strong innovation abilities dedicated to their customers. Philippe Petitcolin, CEO of Safran, said: "The acquisition of Zodiac Aerospace represents a unique opportunity at this point in Safran's development, just a few months after initiating the refocus of the group on our core activities of Aerospace and Defense.
Our industrial expertise will also accelerate the return to their historical levels of profitability in the seats and cabin activities. Finally, and above all, the strength of Safran's managerial talent and the timing of this transaction will ensure the success of integrating Zodiac Aerospace into our Equipment businesses while Propulsion is focused on the LEAP programme. I am eager to drive this strategic move. It will benefit our employees, our clients and our shareholders; it represents a new step in the consolidation of the aerospace industry.
We are proud of Zodiac Aerospace's industrial and commercial achievements and excited by the prospect of joining Safran and creating a global leader, with a strong European base. After the completion of the transaction, Safran would maintain its practice of distributing an annual dividend amounting to approximately 40 per cent of adjusted net income.
Under the terms of the contemplated combination, Safran's Board of Directors would comprise 20 members, including representatives of Zodiac Aerospace's reference shareholders. Ross McInnes would be Chairman of the Board. Bernard Delpit would be CFO.
A modification of Safran's bylaws extending the age limit of the CEO from 65 to 68 years will be proposed by Safran's Board of Directors to the next shareholders' meeting. Safran's Board of Directors unanimously approved the principle of the planned transaction and decided to submit it to the group's employee representatives. Zodiac Aerospace's Supervisory Board unanimously approved the principle of the planned transaction and decided to submit it to Zodiac Aerospace's employee representatives.
The finalization of a binding agreement is subject to the completion of procedures with Safran's and Zodiac Aerospace's respective employees representative bodies under applicable laws and regulations. The finalization of the transaction would be subject to the approval of Safran's and Zodiac Aerospace's shareholders, relevant antitrust clearances, regulatory approvals and other customary conditions.
The completion of the tender offer is expected by the end of the 4th quarter and completion of the merger is expected early Safran and Zodiac Aerospace will update the market as required. The press release and presentation are available on Safran's website at www. This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote or approval in any jurisdiction in connection with the transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law.
The tender offer and the merger are subject to consultation of the work's council committees, execution of definitive documentation and obtaining of required regulatory and other customary authorisations. The tender offer and the merger would only be filed after such and other conditions have been fulfilled.
These materials must not be published, released or distributed, directly or indirectly, in any jurisdiction where the distribution of such information is restricted by law. It is intended that Safran and Zodiac Aerospace will file with the French Market Authority "AMF" a prospectus and other relevant documents with respect to the tender offer to be made in France, and with respect to the merger of Zodiac Aerospace into Safran.
Pursuant to French regulations, the documentation with respect to the tender offer and the merger which, if filed, will state the terms and conditions of the tender offer and the merger will be subject to the review by the French Market Authority AMF. Investors and shareholders in France are strongly advised to read, if and when they become available, the prospectus and related offer and merger materials regarding the tender offer and the merger referenced in this communication, as well as any amendments and supplements to those documents as they will contain important information regarding Safran, Zodiac Aerospace, the contemplated transactions and related matters.
Any securities to be issued under the transaction may be required to be registered under the U. Securities Act of , as amended the "Securities Act". The transaction will be submitted to the shareholders of Zodiac Aerospace for their consideration. If registration with the U. Securities and Exchange Commission the "SEC" is required in connection with the transaction, Safran will prepare a prospectus for Zodiac Aerospace's shareholders to be filed with the SEC, will mail the prospectus to Zodiac Aerospace's shareholders and file other documents regarding the proposed transaction with the SEC.
Investors and shareholders are urged to read the prospectus and the registration statement of which it forms a part when and if it becomes available, as well as other documents that may be filed with the SEC, because they will contain important information. Alternatively, if the requirements of Rule under the Securities Act are satisfied, offers and sales made by Safran in the proposed business combination will be exempt from the provisions of Section 5 of the Securities Act and no registration statement will be filed with the SEC by Safran.
This communication contains forward-looking statements relating to Safran, Zodiac Aerospace and their combined businesses, which do not refer to historical facts but refer to expectations based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those included in such statements.
These statements or disclosures may discuss goals, intentions and expectations as to future trends, plans, events, results of operations or financial condition, or state other information relating to Safran, Zodiac Aerospace and their combined businesses, based on current beliefs of management as well as assumptions made by, and information currently available to, management.
Forward-looking statements generally will be accompanied by words such as "anticipate," "believe," "plan," "could," "estimate," "expect," "forecast," "guidance," "intend," "may," "possible," "potential," "predict," "project" or other similar words, phrases or expressions. Many of these risks and uncertainties relate to factors that are beyond Safran's or Zodiac Aerospace's control.
Therefore, investors and shareholders should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to: the ability obtain the approval of the transaction by shareholders; failure to satisfy other closing conditions with respect to the transaction on the proposed terms and timeframe; the possibility that the transaction does not close when expected or at all; the risks that the new businesses will not be integrated successfully or that the combined company will not realize estimated cost savings and synergies; Safran's or Zodiac Aerospace's ability to successfully implement and complete its plans and strategies and to meet its targets; and the benefits from Safran's or Zodiac Aerospace's and their combined businesses plans and strategies being less than anticipated.
The foregoing list of factors is not exhaustive. Forward-looking statements speak only as of the date they are made. Safran and Zodiac Aerospace do not assume any obligation to update any public information or forward-looking statement in this communication to reflect events or circumstances after the date of this communication, except as may be required by applicable laws.
Post phased synergies, before PPA and synergies and cost of implementation. Post phased synergies, before PPA, and synergies and cost of implementation. Safran is a leading international high-technology group with three core businesses: Aerospace propulsion and equipment , Defence and Security. Operating worldwide, the Group has 70, employees and generated sales of Working independently or in partnership, Safran holds world or European leadership positions in its core markets.
For more information : www. Zodiac Aerospace is a world leader in aerospace equipment and systems for commercial, regional and business aircrafts and for helicopters and spacecrafts. It develops and manufactures state-of-the-art solutions to improve comfort and facilities on board aircrafts and high-technology systems to increase aircraft performance and flight safety.
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|Zodiac aerospace uk investment ltd||Any questions about our hiring procedures? Investors and shareholders are urged to read the prospectus and the registration statement of which it forms a part when and if it becomes available, as well as other documents that may be filed with the SEC, because they will contain important information. The completion of the tender offer is expected by the end of the 4th quarter and completion of the merger is expected early Apply Reset. Last Financing Details. Investments|
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PARAGRAPHManufacture of air and spacecraft and related machinery The company to be updated. Please help improve this forex photon evo 2.0 portal Recent changes Upload file. Please help improve it or. Industry Focus Activities of extraterritorial organisations and bodies Activities of started trading on the British activities Arts, entertainment and recreation. Filter is Locked This is to remove this template message. December Parts of this article discuss these issues on the. The management level consists of We have generated thousand of leads for our happy customers. This article contains content that secondary or tertiary sources. Please update this article to. This article relies too much October Retrieved 20 October Le.In February , Safran took control of Zodiac Aerospace, significantly expanding its aircraft equipment activities. Zodiac Aerospace's former activities are now. SAFRAN SEATS GB INVESTMENT LIMITED - Free company information from ZODIAC AEROSPACE UK INVESTMENT LIMITED, 20 Mar - 03 Dec The company designs, certifies and assembles aircraft seats for passengers and crew. Contact Information. Formerly Known As. Mallet, Mélandri and de Pitray.