Diehl becomes sole owner of Aircabin after Thales departure

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Germany's Diehl Group has completed its takeover of Thales's 49% stake in interiors joint venture Diehl Aircabin.

The share acquisition - which leaves Diehl as the sole owner of the Laupheim-based cabin equipment manufacturer - was originally announced by Thales in May as part of its wider restructuring plans.

Diehl says that the change will not affect the unit's operating business.

Thales will retain its two 49% shareholdings in avionics and interior lighting joint venture Diehl Aerospace, and in fuse specialist Junghans Microtec. Diehl holds the remainder of both businesses.