The transaction value was not disclosed.

Avio's Space Propulsion business has operations across Italy, in France and in French Guyana and employs 800 people. According to the statement it generated around 280 million euros (250.12 million pounds) in revenue in 2015.

(Reporting by Dasha Afanasieva; Editing by Rachel Armstrong)

Stocks treated in this article : Leonardo Finmeccanica SpA, Space2 SpA