The acquisition of SDM will accelerate the development of Latécoère’s production capabilities in North America.
Latécoère, a partner of several major international aircraft manufacturers, has announced the signing of the acquisition of Mexico-based, Shimtech de Mexico (SDM) from Avantus Aerospace.
SDM was established in 2016 as part of the Avantus Aerospace Ltd. group’ strategic expansion as a supplier of precision-engineered structural composite assemblies and components, as well as high-strength aerospace fasteners for the aerospace industry.
The acquisition of SDM, with its 80,000 square foot facility in Hermosillo, Mexico, will accelerate the development of Latécoère’s production capabilities in North America, better positioning the Latécoère Group for future market developments.
“We are strengthening our activities and skills in Mexico in order to provide vertically integrated solutions for future platforms, and better serve North American customers,” said Thierry Mootz, CEO of Latécoère. “This investment follows on from our recent acquisitions of TAC in Belgium and Bombardier’s EWIS business, further reaffirming our ambition to be a global leader in the aeronautics industry.”
Latécoère will integrate SDM into its existing co-located operations in Hermosillo, further growing its operational cluster of excellence in Mexico.
Following the acquisition of Technical Airborne Components (TAC) at the end of August, this is the second external growth transaction since the completion of the Group’s capital increase at the beginning of August.
Latécoère will provide further market disclosure upon closing of the transaction, which is subject to a number of commercial and regulatory condition precedents.
Filed Under: Fastener industry news
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