Safran's offer bids to win EU approval for Collins Aerospace deal

Collins Aerospace has a hub for commercial aircraft at Shannon while it has a research and technology centre at Penrose Quay in Cork

French engine and aircraft equipment maker Safran has offered remedies in an attempt to secure EU antitrust approval for its $1.8bn bid for Collins Aerospace's flight controls business. Collins has Irish interests in Shannon and at Penrose Quay in Cork.

French engine and aircraft equipment maker Safran has offered remedies in an attempt to secure EU antitrust approval for its $1.8bn (€1.65bn) bid for Collins Aerospace's flight controls business, an update on the European Commission website said on Monday.

Collins Aerospace has a repair hub for electrical generator components for commercial aircraft at Shannon while it has a research and technology centre at Penrose Quay in Cork as part of its global technology and open innovation resource team for Europe, the US, and Asia.