Safran Group has completed its purchase of positioning, navigation and timing specialist Orolia from investment firm Eurazeo.
Orolia, which generates $101 million in estimated annual revenue and employs approximately 435 people, will operate under its new parent organization’s electronics and defense segment, Safran said Friday.
Eurazeo reported cash proceeds of $191 million from the sale.
France-based Safran first announced the deal in December 2021, saying the acquisition will position itself to offer a full portfolio of PNT, inertial and satellite navigation and time referencing products.
