French aerostructures specialist Latecoere has agreed to purchase Shimtech de Mexico from aerospace manufacturing company Avantus Aerospace.
SDM is a supplier of precision-engineered structural composite assemblies and components for the aerospace industry. Latecoere says it will integrate SDM into its existing co-located operations in Hermosillo in Mexico.
After the acquisition of Technical Airborne Components (TAC) at the end of August, this marks the second external growth transaction since the completion of Latecoere’s capital increase at the beginning of August, it adds.
The acquisition of SDM, with its 80,000sq ft facility in Hermosillo, will “accelerate the development of Latecoere’s composites production capabilities in North America”, the French group predicts.
Chief executive Thierry Mootz states: “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.
“This investment follows on from our recent acquisitions of TAC in Belgium and Bombardier’s EWIS [electrical wiring interconnection systems] business, further reaffirming our ambition to be a global leader in the aeronautics industry.”
Latecoere says it will provide further market disclosure upon closing of the transaction, which is subject to a number of commercial and regulatory condition precedents.