Platinum Equity has agreed to acquire Héroux-Devtek, a leading aerospace component manufacturer, in a deal aimed at strengthening the company's global presence and operational capabilities.

Information on the Target

Héroux-Devtek Inc. is a prominent international firm specializing in the design, development, manufacturing, repair, and overhaul of aircraft landing gear, hydraulic and electromechanical actuators, custom ball screws, and fracture-critical components for the aerospace market. As the third-largest landing gear manufacturer in the world, it caters to both the defense and commercial sectors, showcasing a significant portfolio with approximately 94% of its sales made outside Canada, notably 57% in the United States. The company operates its headquarters in Longueuil, Québec, complemented by manufacturing facilities in Canada, the United States, the United Kingdom, and Spain.

Industry Overview in Canada

Canada's aerospace sector is recognized globally for its advanced manufacturing capabilities and innovation, contributing approximately $27 billion to the national economy. The country's strategic location, skilled workforce, and strong research and development initiatives position it as a key player in the global aerospace industry. Major Canadian companies manufacture a diverse range of products, including aircraft, helicopters, and spacecraft components, serving both commercial and military markets.

The industry is bolstered by programs and partnerships between government entities and private companies aimed at fostering innovation and enhancing competitiveness. The Ca