Global aerospace company Textron has announced an agreement to purchase Pipistrel, the makers of the world’s first and only electric aircraft that has received full type certification from the European Union Aviation Safety Agency (EASA).

The companies said the acquisition will allow the Pipistrel team to accelerate the development and certification of electric and hydrid-electric aircraft by tapping into Textron’s resources, technical and regulatory expertise, and a global aircraft sales and support network.

Textron announced yesterday that once the deal closes, Pipistrel will join the company’s new Textron eAviation business segment, focused on developing sustainable aircraft.