Leonardo: sale of the ATM business unit by the company Selex ES, Inc.

(To Leonardo)
07/11/22

Leonardo signed an agreement for the sale of the business unit relating to the activities of Air Traffic Management (ATM ") of Selex ES Inc., a wholly-owned American company, to the company Indra Air Traffic, Inc., wholly owned by the Spanish company Indra Sistemas SA

The closing of the transaction, expected in the first quarter of 2023, is subject to the usual regulatory authorizations and conditions precedent. The Air Traffic Management business of Selex ES Inc., based in Kansas, US, is a leader in the development and manufacture of navigation, surveillance and precision approach and en-route landing systems.

The ATM activities of Selex ES pertain to the management perimeter of the Electronics Division, but are a business in their own right with no intragroup synergies.

For the purposes of the transaction, Leonardo and Selex ES were assisted by Stephens, Inc., as financial advisor and by Hunton Andrews Kurth LLP, as legal advisor. 

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