Latecoere has finalized an agreement to acquire Bombardier's EWIS operations in Querétaro, Mexico, enhancing its capabilities within the aerospace sector.

Target Information

Latecoere has entered a definitive agreement to acquire Bombardier's Electric Wiring Interconnection Systems (EWIS) operations located in Querétaro, Mexico. Approximately 700 skilled employees at the Querétaro site are dedicated to the production of EWIS systems, which are critical components for various Bombardier aircraft, such as the Global, Challenger, and Learjet series. This strategic acquisition underscores Latecoere's intention to strengthen its position in the global aerospace market while maintaining a focus on supporting Bombardier’s operational needs.

Additionally, as part of a long-term supply agreement, Latecoere will continue to provide EWIS to Bombardier across its aviation platforms, allowing for a seamless integration of services and fostering a collaborative relationship between the two companies. The annual revenue of this business segment is estimated at approximately $80 million USD, highlighting the operational significance of the Querétaro facility.

Industry Overview in Mexico

The aerospace sector in Mexico has been experiencing robust growth, establishing itself as one of the leading locations for aerospace manufacturing globally. This surge can be attributed to favorable investment climates, a skill