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Safran In Talks To Acquire U.S. PNT Company Orolia

Cal Biesecker By
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Safran In Talks To Acquire U.S. PNT Company Orolia
Jean-Yves Courtois, CEO of Orolia. Photo: Orolia

France’s Safran on Monday said it is in exclusive discussions to acquire New York-based Orolia, a small company in the position, navigation and timing (PNT) space for civilian, military and space operations. Terms of the deal, which is subject to regulatory approvals and is expected to close in mid-2022, were not disclosed. Orolia has 435 employees and is expected to generate about $113 million in sales in 2021. Orolia, which is based in Rochester, is a portfolio company of the…

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