Latecoere has acquired Bombardier's Electrical Wiring Interconnection Systems operations in Querétaro, Mexico, expanding its client portfolio and enhancing its industrial presence in the aerospace sector.
Target Company Information
On February 16, 2021, Latecoere announced the successful acquisition of Bombardier's Electrical Wiring Interconnection Systems (EWIS) operations located in Querétaro, Mexico. This acquisition enables Latecoere to expand its client portfolio by not only serving Bombardier but also other clients, including Airbus Canada, MHIRJ, and Avcorp.
The Querétaro facility specializes in the manufacturing of electrical harnesses and subassemblies essential for the production of EWIS systems. The annual revenue generated by this business segment is estimated to be approximately $60 million USD. By acquiring this operation, Latecoere not only broadens its client base but also strengthens its order book by diversifying its customer portfolio beyond Bombardier.
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Industry Overview in Mexico
The aerospace industry in Mexico has seen significant growth over the past few years, driven by a combination of favorable regulations, investment incentives, and the country’s pr
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Latecoere
invested in
Bombardier's EWIS activities
in 2021
in a Buyout deal
Disclosed details
Revenue: $60M