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© yuri arcurs dreamstime.com Business | July 22, 2019

Safran acquires French start-up Neelogy

Safran Electrical & Power has acquired Neelogy, a French start-up that has developed a disruptive technology for electrical current sensors that are tailored to the needs of the more electric aircraft, as well as hybrid and totally electric propulsion.

"We are delighted with this purchase and have high expectations because Neelogy's technology is really unique and will bring real added value to our electrical systems. There has been no breakthrough in the field of current sensors for 20 years, even though they represent a key element in electrical distribution, power management and electrical network monitoring," said Alain Sauret, President of Safran Electrical & Power. "I am pleased that the Neel Effect® sensor technology we have been working on for years is now finding a solid industrial backing and, what is more, in the aeronautical industry, which is currently the best sector in which to showcase our invention. Today we are entering a new chapter in our history," said Lionel Cima, co-founder and CEO of Neelogy.
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November 19 2019 5:01 pm V14.7.13-1