Bloomberg: Investment Firms Bid on Airbus’ Defense Electronics Business

acquisitionAirbus Group has received initial acquisition bids for its defense sensor and border security technology assets from private equity companies Blackstone, Carlyle Group and KKR & Co., Bloomberg reported Tuesday.

Military technology firms Thales and Rheinmetall are also interested in acquiring the portfolio that generated approximately $1.2 billion in revenue during Airbus’ 2015 fiscal year, according to the report by Benjamin Katz, Kiel Porter and Andrea Rothman.

Airbus wants to concentrate more on its civil aerospace business area and would limit its defense footprint to military aircraft, missile, space launchers and satellites, the report said.

Additionally, Satcom Direct Communications announced Monday it agreed to purchase an Airbus subsidiary that offers satellite communication products and services in the U.S. government market.

The deal of an undisclosed sum includes business operations and two satcom terminals of the Airbus DS SatCom Government organization.

Satcom Direct said it aims to grow its U.S. public sector market presence and offerings through the acquisition, which the company expects to complete within the next few months.

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