Runway Safe Group and Engineered Arresting Systems Corporation (ESCO), a subsidiary of the Safran Group, have entered into agreement for Runway Safe to acquire the ESCO EMAS (Engineered Material Arresting Systems) 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.
EMAS (Engineered Material Arresting System) is designed to improve runway safety and increased airport efficiency. Should an aircraft overrun occur, the EMAS is designed to crush under the weight of the aircraft, quickly decelerating the aircraft and bringing it to a safe stop. EMAS technology has so far been installed in North America, Europe, Asia and Middle East.
Runway Safe Group was founded in 2014, by two Swedish entrepreneurs, to commercialize a foam glass based EMAS solution. Today the company is developing and installing both EMASMAX and greenEMAS Runway Safety systems for airports in need of improving runway performance and safety.
Runway Safe Group is a fast growing entrepreneurial company with offices in Gothenburg, Linköping, Chicago and Philadelphia and a global presence through local partners.