Safran today announced its entry into the capital of the company Safety Line, through its subsidiary Safran Corporate Ventures is dedicated to investing in young technology companies.
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A leader in the analysis of data for the aviation market
Safety Line has developed innovative software solutions that allow airlines and airports to deal with major issues of air transport safety, fuel savings and environment. Safety Line, founded in 2010 by Pierre Jouniaux, a former pilot and senior investigator at Office of Investigations and Analysis, today employs 18 people and offers a range of innovative solutions, such as Opticlimb (optimization of fuel custom before every flight or Airside Watch (improvement of airport operations using radar data). Strong of its knowledge of the trades of the air and its expertise in the treatment of massive data developed in particular in the framework of a partnership with INRIA, the company now has nearly 40 customers, airlines and airports, in France and abroad.
A fundraising of 3 million euros
Safran Corporate Ventures is involved in a financing round of 3 million euros to the sides of ADP and Bpifrance. This funding should allow the Safety Line to accelerate its commercial development and international recruiting teams to meet all the new contracts being signed. Hélène de Cointet, chief executive officer of Safran Corporate Ventures joined the Strategic Committee of Safety Line put in place at the time of this operation.
“We have developed with Safety Line, our partner from 2016, a joint offer integrating service-SFCO2* Saffron and the solution OptiClimb of the Safety Line,” said François Planaud, Director general of the division Services and Repairs to Rudder Aircraft Engines ” This new joint offer, which leverages the respective expertise of Safran and Safety Line, allows airlines to reduce their fuel consumption and thus lower their costs, while contributing to the respect of the environment and sustainable growth of air traffic !”.
“This entry into the capital allows Safran to expand the areas of cooperation with Safety Line and accelerate the development of innovative solutions for our clients around data analysis “, adds Eric Dalbiès, Director of Strategy and M&A at Safran.
*SFCO2 responds to the need of airlines to reduce their fuel consumption by analyzing the maintenance and operations in volume This service combines the expertise of the Safran Aircraft Engines as a manufacturer and service provider, as well as the long experience of Safran Electronics & Defense in the data analysis vol SFCO2 thus enables the airlines to improve the operational efficiency of their fleet.
Safran is an international high-technology group, a leading original equipment manufacturer in the fields of Aeronautics, Space and Defence. Located on all continents, the Group employs approximately 58 000 employees and a turnover of 15.8 billion euros in 2016. Safran holds, alone or in partnership, leading positions worldwide or european in its markets. To respond to the changing markets, the Group engages in research and development programs, which accounted for a 2016 expenditure of 1.7 billion euros. Saffron is a company listed on Euronext Paris and is part of the CAC 40 and Euro Stoxx 50.
For more information : www.safran-group.com / Follow @Safran on Twitter
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