[1/2] The logo of Thales Group is seen during a visit at the Thales radar factory in Limours, France, February 1, 2023. REUTERS/Gonzalo FuentesJuly 12 (Reuters) - French defence and technology group Thales (TCFP.PA) said on Wednesday it started talks to buy French supplier Cobham Aerospace Communications for $1.1 billion. Thales said that with the acquisition it aims to strengthen its portfolio in avionics - the complex electronic systems used on aircraft. Cobham Aerospace Communications is a leading supplier of advanced cockpit communication systems and it is expected to generate about $200 million in revenue in 2023, Thales said. The transaction is expected to generate medium-term double-digit growth per annum for Thales and to have accretive impact on its margins.

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Persons: Gonzalo Fuentes, Thales, Yannick Assouad, Michal Aleksandrowicz, Jacqueline Wong, Jason Neely Organizations: Thales Group, Thales, REUTERS, Cobham Aerospace Communications, Avionics, Jefferies, Thomson Locations: Limours, France, Paris, Gdansk