Baykar Acquires Piaggio Aerospace
December 27, 2024
Rome, Italy – The Italian government has announced that Baykar, the Turkish defense company, has acquired Piaggio Aerospace, the Italian manufacturer of aircraft. The acquisition is a significant development in the aerospace industry and is expected to have a major impact on the global market.
Piaggio Aerospace is a renowned manufacturer of aircraft, particularly known for its P.180 Avanti and P.1HH HammerHead aircraft. The company has a long history in the aerospace industry, dating back to the early 20th century. Baykar is a leading defense company, specializing in the development and production of unmanned aerial vehicles (UAVs). The company is known for its Bayraktar TB2 UAV, which has been widely used in conflicts around the world.
The acquisition of Piaggio Aerospace by Baykar is a strategic move for both companies. Baykar gains access to Piaggio’s expertise in aircraft design and manufacturing, while Piaggio gains access to Baykar’s advanced UAV technology. The combined capabilities of the two companies are expected to create a formidable force in the aerospace industry.
The deal has been welcomed by both the Italian and Turkish governments. Italian Prime Minister Giorgia Meloni said, “This acquisition is a testament to the strength of the relationship between Italy and Turkey. We believe that Baykar and Piaggio Aerospace can together create a world-leading aerospace company.” Turkish President Recep Tayyip Erdoğan said, “This is a historic day for the Turkish defense industry. Baykar’s acquisition of Piaggio Aerospace will enable us to further develop our capabilities and become a major player in the global aerospace market.”
The acquisition is expected to be completed in early 2025. Once the deal is finalized, Piaggio Aerospace will become a wholly-owned subsidiary of Baykar. The company will continue to operate under its own brand name and will maintain its headquarters in Italy.
The acquisition of Piaggio Aerospace by Baykar is a significant development in the aerospace industry. The combined capabilities of the two companies are expected to create a formidable force in the global market. The deal is a testament to the strong relationship between Italy and Turkey and is expected to have a major impact on the future of the aerospace industry.
Mimit: Baykar acquisisce Piaggio Aerospace
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