Textron acquires Pipistrel for €218M; forms new Textron eAviation segment

TEXTRON INC

Cash purchase price of approximately €218 million for Pipistrel D.O.O., Pipistrel Vertical Solutions, and Pipistrel Italia.
Pipistrel founder Ivo Boscarol retains ~10% minority stake and will advise for two years post-close.
Transaction expected to close Q2 2022, subject to customary regulatory approvals.
Textron plans to create new reporting segment 'Textron eAviation' focused on sustainable aircraft.

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