US company Textron acquiring Pipistrel

Ajdovščina – 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. Pipistrel founder and CEO Ivo Boscarol will remain a minority owner. The deal is worth EUR 218 million, according to financial information provider Thomson Reuters. 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,…

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