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French multinational Thales buys insolvent Austrian engine maker

By Declan Bush

01 August 2019

French aerospace company Thales has bought Austrian specialist engine maker Steyr Motors out of insolvency, with Schönherr advising.

French multinational Thales buys insolvent Austrian engine maker Steyr Motors supplies engines for military vehicles like Australia's Hawkei. (Credit: iStock.com/Tramino)