Italian Government Finalizes Sale of Piaggio Aerospace Assets to Turkish Company Baykar
Rome, Italy – The Italian Ministry of Enterprises and Made in Italy (MIMIT) announced today, June 30, 2025, the successful finalization of the sale of Piaggio Aerospace’s business complexes to the Turkish company Baykar. This significant transaction marks a new chapter for both the historical Italian aerospace manufacturer and its new owner, signaling a strategic move within the global defense and aerospace industry.
The announcement, made by the Ministry, confirms the completion of the complex process that has been underway for some time. The agreement represents a crucial step towards ensuring the continuity and future development of Piaggio Aerospace, a company with a rich heritage in aviation and advanced technological solutions.
Baykar, a prominent Turkish defense technology company known for its innovative unmanned aerial vehicles (UAVs) and related systems, is set to integrate the assets and expertise of Piaggio Aerospace into its own operations. This acquisition is expected to leverage the complementary strengths of both entities, potentially fostering synergies in research, development, and production.
While specific details regarding the exact terms of the sale and future operational plans were not fully disclosed in the initial announcement, the Italian government has expressed its commitment to supporting this transition. The aim is to safeguard employment and preserve the valuable industrial heritage associated with Piaggio Aerospace, while also fostering new opportunities for growth and technological advancement.
This development is being viewed with interest by industry observers, as it represents a significant cross-border investment within the European defense sector. The integration of Piaggio Aerospace’s capabilities, which include a strong track record in turboprop aircraft, advanced propulsion systems, and other specialized aerospace components, into Baykar’s portfolio could lead to new avenues for innovation and market expansion.
The Italian government, through the MIMIT, has played a key role in facilitating this transaction, emphasizing the strategic importance of maintaining and revitalizing key industrial assets. Further updates on the integration process and the future direction of the acquired business complexes are anticipated in the coming months.
Piaggio Aerospace: finalizzata la cessione dei complessi aziendali alla società turca Baykar
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Governo Italiano published ‘Piaggio Aerospace: finalizzata la cessione dei complessi aziendali alla società turca Baykar’ at 2025-06-30 16:39. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.