Safran Logo — Safran is a major industrial and technological French, active internationally in the fields of aeronautics, astronautics, defense and security. It was created in 2005 by the merger of Snecma and Sagem. Since September 2011 it is listed on the CAC 40. Its business is the design and production of aircraft engines, helicopters and rockets, aircraft equipment, defense and security. Safran occupies world leading positions in these markets and employs nearly 60,000 people in more than fifty countries.
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Founded in 1925, the Society of General applications of electricity and mechanical (SAGEM) was a French company controlled by its employees, it had a highly diversified, defense via teletype to aircraft equipment such as inertial. In 2004 it has two branches: telecommunications and defense security. The National Society study and construction of aviation engines (SNECMA) was created in 1945 by the nationalization of Gnome and Rhone. It is dedicated to the manufacture of aircraft engines. The Snecma group also includes equipment manufacturers as Hispano-Suiza and Messier-Dowty.
The principle of the merger of Sagem and Snecma announced in October 2004. Upon incorporation of the group, Jean-Paul Béchat (formerly Snecma) is the CEO and Mario Colaiacovo (formerly Sagem) is chairman of the supervisory board. Tensions are high between the leaders of the two former companies. In August 2006, Grégoire Olivier, former CEO of Sagem tipped to take the place of John Paul left the band Béchat. In January 2007, Francis Mer became chairman of the supervisory board to end the pain of the group, in September, Jean-Paul Herteman is the new CEO.
In 2008, the branch communication is assigned. In October 2010, Areva sells most of its shares. The company changed its constitution in April 2011 to become one with board of directors, Jean-Paul Herteman becomes CEO and Francis Mer vice president of the board. Safran joined the CAC 40 September 19, 2011.
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