PRELIGENS acquired by SAFRAN
Context
Safran announces the acquisition of 100% of the capital of Preligens, a leader in artificial intelligence (AI) dedicated to the aerospace and defense industries, for an enterprise value estimated at 220 million euros.
PRELIGENS, which reported an EBITDA margin of in 2023, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.5x).
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Target
A pioneer in AI-powered geospatial intelligence (GEOINT). Preligens develops advanced algorithms to automatically analyze high-resolution satellite imagery, detecting and identifying military equipment (tanks, aircraft, ships) and monitoring strategic sites for intelligence agencies.
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REFERENCES
Valuation range: EV 100M - 350M EUR
Revenue range: 10M - 30M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Acquirer: safran