US company Textron acquiring Pipistrel

Ajdovščina, 17 March - 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.

Unfinished Pipistrel aircraft at its production facility.
Photo: Anže Malovrh/STA

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