Safran, the French jet engine manufacturer, announced on Monday that it has agreed to acquire AI firm Preligens for €220 million ($243.3 million). Preligens, known for its expertise in artificial intelligence for aerospace and defense, will be rebranded as Safran.AI and integrated into the Safran Electronics & Defense division. The company specializes in developing advanced algorithms and software that analyze satellite imagery to automatically detect and identify military objects of interest.
“By combining our strengths, we’re determined not only to support the development of Preligens’ AI solutions, but also to jointly open up entirely new areas of AI application in aviation, defense and space,” CEO of Safran Electronics & Defense, Franck Saudo, said in a press release.
