August

Canaccord Genuity Hawkpoint advises Safran Group on its acquisition of Harvard Custom Manufacturing, Inc

On 23 August 2010, Labinal, Inc. a subsidiary of Safran SA entered into an agreement to acquire Harvard Custom Manufacturing, a U.S company based in Maryland. Harvard Custom Manufacturing is a leading provider of electrical wiring systems for defence and commercial customers.

The acquisition of Harvard Custom Manufacturing will bolster Labinal's US position at the top of the list in terms of aircraft equipment manufacturing, specifically in the rotorcraft military segment. Labinal will also expand its global customer presence and product offering by providing complementary product lines and services to the ones already owned.

Canaccord Genuity Hawkpoint acted as financial adviser to Safran Group.

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