Textron to acquire electric aircraft pioneer Pipistrel
18 March 2022
Textron Inc., home to the Cessna, Beechcraft, and Bell aviation brands, has entered into an agreement to purchase Pipistrel, an award-winning pioneer and global leader in electrically powered aircraft, based in Slovenia and Italy.
With Textron, Pipistrel will have access to greater resources, technical and regulatory expertise and a global aircraft sales and support network, enabling it to accelerate its development and certification of electric and hybrid electric aircraft. Upon closing of the transaction, Textron plans to form a new business segment, Textron eAviation, focused on the development of sustainable aircraft, which will include Pipistrel.
Pipistrel founder and CEO Ivo Boscarol will remain a minority shareholder as well as Chairman Emeritus, consulting on future product plans and strategies for a two-year period.
The transaction is expected to close during the second quarter of 2022, subject to customary closing conditions, including regulatory approvals.
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