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Turkish drone maker Baykar acquires Italian aerospace firm Piaggio to expand in Europe.
Turkish drone manufacturer Baykar has acquired Italy's Piaggio Aerospace, approved by Italy's Ministry of Enterprises.
This move aims to secure workers' and creditors' interests and revitalize Piaggio's industrial prospects.
Baykar plans to maintain and expand Piaggio's production and support activities, enhancing its presence in the European aviation market while preserving Piaggio's legacy.
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El fabricante turco de drones Baykar adquiere la empresa aeroespacial italiana Piaggio para expandirse en Europa.