Kingswood to Acquire Safran Passenger Innovations in Carve-Out Deal
Safran is shedding non-core cabin-interiors assets as it refocuses its portfolio.
Overview
- Kingswood and Safran signed a definitive agreement on December 10, 2025 to sell SPI, with closing expected in early 2026 pending regulatory approvals.
- SPI will continue under CEO Matt Smith with the existing leadership team, and Kingswood plans to fund growth of the RAVE inflight entertainment platform.
- Safran describes the sale as part of a plan to divest roughly 30% of former Zodiac Aerospace cabin-interiors activities considered outside its core focus.
- SPI generates about $460 million in annual revenue and employs around 740 people across Brea, California and Wessling, Germany, with RAVE systems installed on thousands of aircraft and linefit offerability on Airbus jets.
- Safran and Kingswood expect continued coordination on seat and IFE integrations, and Kingswood was advised by Goodwin Procter LLP and Configure Partners.