SAFRAN SA (FR:SAF) has released an update.
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Safran SA is poised to enhance its AI capabilities in aerospace and defense by acquiring Preligens, an AI leader in this sector, for 220 million euros. Preligens, known for its advanced AI analytics in high-end imagery and signal processing, generated 28 million euros in 2023 and has a robust team of 220 employees. The acquisition aligns with Safran’s digital transformation strategy, particularly in smart manufacturing and international expansion, especially in the U.S. market.
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