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 LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.8x).
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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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Historical Financials (EUR)
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REFERENCES
Valuation range: EV 100M - 350M EUR
Revenue range: 10M - 30M EUR
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Press release: view release
Acquirer: safran