Messier-Bugatti, Messier-Dowty and Messier Services merge to form Messier-Bugatti-Dowty

Paris, May 2, 2011

Safran announced today the merger of subsidiaries Messier-Bugatti, Messier-Dowty and Messier Services to form Messier-Bugatti-Dowty, the world leader in aircraft landing and braking systems.

The new company will be headed by Alain Sauret, the current Chairman and CEO of Messier-Bugatti. Gilles Bouctot, the current CEO of Messier-Dowty, will be Chief Operating Officer.

"This merger is a decisive move to consolidate the leading positions in each of our business segments to provide customers with an expanded portfolio of integrated landing systems, associated equipment and services," said Yves Leclère, Safran group Executive Vice President. "There are key strategic benefits in combining three complementary organizations, technologies and commercial offerings."

The new organisation comprises four operational divisions:

  • Landing Gear and Systems Integration: World leader in the design, manufacture and support of landing gear and integrated systems; and partner to 90 civil, military, regional and business aircraft programs.
  • Wheels and Brakes: World leader in carbon brakes, holding close to 50% worldwide market share in this business segment.
  • Systems Equipment: Leading market position in the supply of an exhaustive range of landing systems equipment, including: steering, extension and retraction, braking and monitoring systems and supporting over 10,000 aircraft in service.
  • Maintenance, Repair and Overhaul: Major player in landing system MRO, backed by a worldwide network of 10 repair stations in three continents and servicing 500 customers.

A single customer support organization will underpin the three product divisions, ensuring more comprehensive and streamlined services for all customers.

Messier-Bugatti-Dowty will be able to leverage the use of more cost-effective and environmentally responsible technologies across its business segments. This includes the increased use of new materials, such as composites and titanium, while introducing more electric technologies, such as Green TaxiingTM, which enables aircraft to maneuver on the ground without relying on thrust from the main engines.

Alain Sauret added, "We are extremely pleased to make this announcement in conjunction with a series of recent commercial and program successes. This includes a 737 Next-Generation carbon brakes contract with Copa Airlines, our first delivery of the A350-900 main landing gears to Airbus, as well as an MRO contract with Asiana airlines for its A320, A321 and A330 fleets. These announcements demonstrate the breadth of Messier-Bugatti-Dowty's capabilities."

Messier-Bugatti-Dowty is headquartered in Vélizy, near Paris. The company has 17 main facilities in Europe, North America and Asia, employing approximately 6,250 staff.

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Alain Sauret, 52, holds degrees from the Ecole Nationale Supérieure d'Arts et Métiers engineering school (class of 1978) and the Centre de Perfectionnement des Affaires de Paris business school (1999). He joined Labinal in 1982, holding various operational positions, and participated in the international development of the company's wiring and electrical connection system business. From 2001 to 2005, Alain Sauret was managing director of the Wiring Division Europe. He was named Labinal Chief Operating Officer and Vice President and General Manager, Engineering, Technology and Strategy in 2006. In September 2007 he moved to Safran corporate headquarters as Vice President, Production. Alain Sauret was Chairman and CEO of Messier-Bugatti since January 2010.

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Safran is a leading international high-technology group with three core businesses: Aerospace (propulsion and equipment), Defence and Security. Operating worldwide, the Safran group has more than 54,000 employees and generated sales of 10.8 billion euros in 2010. Working alone or in partnership, Safran holds world or European leadership positions in its core markets. The Group invests heavily in Research & Development to meet the requirements of changing markets, including expenditures of 1.2 billion euros in 2010. Safran is listed on NYSE Euronext Paris and its share is part of the CAC Large 60 index. For more information, www.safran-group.com

Messier-Bugatti-Dowty (Safran group), is the world leader in aircraft landing and braking systems. Company capabilities encompass the full life cycle of our products, ranging from design and manufacture to in-service support, repair and overhaul. Messier-Bugatti-Dowty is a partner to 33 leading commercial, military, business and regional airframers, and supports more than 22,000 aircraft making over 35,000 landings every day. The company employs 6,250 staff working in locations across Europe, North America and Asia. For more information, www.safranmbd.com

Press
Catherine Malek
Tel : +33 (0)1 40 60 80 28
Email:catherine.malek@safran.fr

Investor Relations
Pascal Bantegnie
Tel : +33 (0)1 40 60 80 45
Email :pascal.bantegnie@safran.fr

Antoine-Pierre de Grammont
Tel :+33 (0)1 40 60 80 47
Email :antoine-pierre.degrammont@safran.fr

Safran
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