Runway Safe Group and Engineered Material Arresting Corporation (ESCO), a subsidiary of the Safran Group, have entered into agreement for Runway Safe to acquire the ESCO EMAS (Engineered Material Arresting System) business. The transaction will create a global market leader in runway safety with offices in the US and Europe and a global presence through a partner network.
The transaction will combine two complementary businesses with extensive experience in runway safety and innovative product development to further develop the global EMAS industry. The acquired EMAS facilities and staff in the Philadelphia Area will be integrated with the Runway Safe organization and act as a commercial base for North America and the global technology center for Runway Safe Group. The HQ, global sales and regional technology center will be located in Sweden.
The new company will have a solid product offering, combining the product portfolios to best tailor solutions to each customer. Runway Safe Group will now be able to offer, design, install and support both the EMASMAX and greenEMAS solution on a global scale.
“We are very happy to be able to complete this transaction and to strengthen our position as a global solution provider for flight safety. We are very excited with the technology and experience in Philadelphia and to be able to develop this further on an international scale. “
– Johan Länsberg, CEO Runway Safe Group
The agreement was signed by both parties in November 2019 and closing occurred
February 28, 2020.