Baykar Acquires Piaggio Aerospace: A Strategic Leap in European Aviation
- Benjamin Radomski
- 4 days ago
- 1 min read
Baykar, Türkiye’s leading drone manufacturer, has acquired Italy’s historic Piaggio Aerospace—established in 1884. This move positions Baykar to expand production of both its Bayraktar drones and the iconic P.180 Avanti EVO aircraft from Italian soil.
The acquisition safeguards Piaggio’s legacy while turning its Genoa-based facilities into a European hub for drone and aircraft production, MRO services, and R&D. Baykar also deepens ties with Italy’s Leonardo on unmanned systems.
With over 90% of its €1.8B revenue from exports, Baykar’s international momentum is undeniable. For family offices, HNWIs, and cross-border investors, this deal showcases how legacy assets can be revitalized by innovation-focused players.
At BEV Capital, we continue to follow these strategic M&A moves across Europe’s tech and industrial sectors—where heritage and disruption intersect.
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