DAHER Group Confirms Signature of SOCATA Takeover Deal with EADS, with Acquisition of Majority 70% Stake
(Source: Daher; issued Jan. 7, 2009)
Following approval from the competition authorities, DAHER is pleased to confirm its takeover of SOCATA. This takeover is fully in line with its strategic plan AMBITION 2012.

With the integration of SOCATA, DAHER becomes a fully-fledged aerospace manufacturer as
well as a tier one equipment manufacturer working with the industry's leading manufacturers.

The DAHER SOCATA association results in a company with a total staff of 7,500 and a turnover of close to EUR 1 billion, and creates a company of the appropriate critical weight to meet the needs of tomorrow’s aerospace programs.

The move strengthens DAHER’s integrated equipment and services model, as it broadens its market offer in both industrial products and value-added services.

DAHER is a European integrated equipment and services supplier. In addition to aerospace, DAHER specializes in three other sectors: nuclear, defense and industries. DAHER is developing in three fields of expertise: manufacturing, services and transport, which enable it to offer a comprehensive package.
Founded in 1863, DAHER is an exclusively family-run, independent international group, with more than 5,000 employees and 12 international installations (4 in Western Europe, 3 in Eastern Europe, 2 in North America, 2 in Africa and 1 in Australia). DAHER has doubled in size over four years to reach annual revenues in excess of EUR 600 million in 2008.

SOCATA is one of the world’s leading general aviation manufacturers, with more than 17,000 aircraft built since its creation as Morane-Saulnier in 1911. Current products include the TBM 850 high-speed turboprop aircraft, aerostructures for Airbus civil airliners, the A400M military transporter, Dassault Falcon jets, Eurocopter helicopters and Embraer regional jets. SOCATA is headquartered in Tarbes, France, with North American operations in Pembroke Pines, Florida.


prev next