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US company Textron acquiring Pipistrel

US industrial conglomerate Textron, the owner of the Beechcraft, Hawker, and Cessna brands, has signed a deal on the acquisition of the Slovenian maker of ultralight aircraft Pipistrel worth EUR 218 million.

Pipistrel said its founder and CEO Ivo Boscarol will remain a minority owner and will be appointed chairman emeritus. The transaction is expected to be finalised in the second quarter of 2022. Textron committed to maintain Pipistrel’s brand, headquarters, research and development, and manufacturing in Slovenia and Italy.

By: J.S., STA

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