August 1, 2022
Safran Data Systems, a subsidiary of Safran Electronics & Defense, has just acquired Captronic Systems, a local Indian company. As a leading player in the space industry supplying instrumentation for testing, telemetry and communications with satellites, launch vehicles and all types of remote platform, Safran Data Systems is expanding its product portfolio and continuing to strengthen its international operations in this strategic country.
An extensive range for Aerodefense and Space markets
Within 20 years, Captronic Systems has developed unique expertise in studying, developing and supplying automated test equipment for aerodefense, space and automotive applications. With a team of more than 100 engineers based in India, in Bangalore, Chennai and Thiruvananthapuram, the company is renowned for its skills in systems engineering, radio frequency, digital signal processing, instrumentation and testing.
While keeping growth across its historic markets in India and Southeast Asia, Captronic Systems will also allocate resources to integrate, adapt and support Safran Data Systems’ offers in this region, with a particular focus on organizations that are related to the India’s Defence and Research Development Organisation (DRDO) and the Indian Space Research Organisation (ISRO).
Safran will also benefit from Captronic Systems’ expertise in automated test equipment engineering, validation and integration in Europe.
In line with the Indian government’s “Make in India” plan
Safran recently confirmed its commitment to the “Make in India” policy launched by the Indian government to encourage businesses to design, manufacture and assemble hi-tech products locally.
Over 50 years after joining the space race, India is among the world’s leading players and has seen strong growth in recent years with a number of exploration programs supported by India’s space agency. Many private initiatives supported by governmental organizations are also contributing to the development of New Space (lightweight launch vehicles, micro and small satellites, etc.).
The acquisition will enable Safran Data Systems to extend its operations in India and make this strategic country another pillar to support its ambitions in Asia.
Canec facilitated this transaction, acting as co-M&A advisor to Captronic together with their Indian advisor, Mindspring Advisors.