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BRIEF-Latécoère Acquires Querétaro Site, Mexico

Published 2021-02-16, 02:10 a/m
© Reuters.

Feb 16 (Reuters) - LATECOERE SA LAEP.PA :

* COMPLETES THE ACQUISITION OF BOMBARDIER'S ELECTRICAL WIRING AND INTERCONNECTION SYSTEMS BUSINESS IN QUERÉTARO (MEXICO)

* IS ACQUIRING QUERÉTARO SITE ON BASIS OF AN ENTERPRISE VALUE OF US$45 MILLION, AND WILL BENEFIT FROM ADDED VALUE AND SIGNIFICANT EXPERIENCE OF QUERÉTARO EWIS TEAM

* THIS ACQUISITION ALSO ENABLES LATÉCOÈRE TO EXPAND ITS CUSTOMER PORTFOLIO AND STRENGTHEN ITS ORDER BOOK BY SERVING CUSTOMERS FROM THIS SITE

* TWO COMPANIES HAVE ALSO ENTERED INTO A LONG-TERM SUPPLY AGREEMENT UNDER WHICH LATÉCOÈRE WILL CONTINUE TO PROVIDE BOMBARDIER WITH EWIS SYSTEMS FROM THIS SITE FOR ALL BOMBARDIER PLATFORMS INCLUDING ITS GLOBAL AND CHALLENGER AIRCRAFT

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