Safran Agrees to Sell Passenger Innovations Unit to Kingswood Capital

Reuters
2025.12.10 07:33
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Safran has agreed to sell its Passenger Innovations unit to Kingswood Capital. The unit, a leader in in-flight entertainment, generates $460 million in revenue and employs 740 people. Kingswood plans to enhance SPI's growth and develop new solutions. The deal is expected to close by Q1 2026, subject to approvals.