Latécoère Announces the Acquisition of Shimtech de Mexico

TOULOUSE, France--(BUSINESS WIRE)--Regulatory News:

Latécoère (Paris:LAT), a leading partner of major international aircraft manufacturers, today announces the signing of the acquisition of Mexico-based Shimtech de Mexico (SDM) from Avantus Aerospace Ltd. Following the acquisition of Technical Airborne Components (TAC) at the end of August, this is the second external growth transaction since the completion of the Group’s capital increase at the beginning of August.

SDM is a supplier in advanced, precision engineered structural composite assemblies and components, for the aerospace industry. The acquisition of SDM, with its 80,000 square foot facility in Hermosillo Mexico, will accelerate the development of Latécoère's composites production capabilities in North America, better positioning the Latécoère Group for future market developments. Latécoère will integrate SDM into its existing co-located operations in Hermosillo further growing its operational cluster of excellence in Mexico.

Thierry Mootz, Chief Executive Officer of Latécoère stated: "I am delighted that Shimtech de Mexico is joining Latécoère today. 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 business, further reaffirming our ambition to be a global leader in the aeronautics industry.”

Latécoère will provide further market disclosure upon closing of the transaction, which is subject to a number of commercial and regulatory condition precedents.

Learn more about the reasons of Why will manufacturing in Mexico be a competitive advantage for you.

Source: businesswire.com
If you would like to find out more about this topic or are interested in receiving a complimentary business case analysis for your operation in Mexico, please fill out this form or contact us at:

US toll-free: +1 (877) 698 3905

CAN toll-free: +1 (844) 422 4922

CN Toll-free: +1 (400) 076 8899

start@americanindustriesgroup.com
Please note that we do not accept job applications here. If you are interested in applying for a position, please visit the following link: https://www.americanindustriesgroup.com/jobs/




Related posts

June 24, 2022
Mexico import participation to the US
Mexico reduces gap with China in import participation to the U.S.
Mexico reduced in April the gap with China in its share of total imports of products to the United States, from 14.2% and 15.3%, respectively, the […]
June 24, 2022
Mexico renewable energy
Mexico signs renewable energy deals with US firms
The agreements would generate 1,854 megawatts (MW) as the government scrambles to combat climate change. Mexico is home to some of the largest automobile manufacturing plants […]
May 19, 2022
Aerospace industry Mexico
They highlight Querétaro’s position as “aerospace city of the future”
During his participation in the Mexico Aerospace Forum 2022 , Marco Antonio Del Prete Tercero , head of the Secretariat for Sustainable Development (Sedesu), described Querétaro […]
May 19, 2022
Automotive industry Mexico
Mexico rises to fourth place in the world as a producer of auto parts
Mexico managed to position itself as the fourth world producer of auto parts, surpassing the figures achieved by Germany in this subsector last year. At the […]
April 28, 2022
Aerospace Industry in Queretaro
Queretaro aerospace companies seek to gain 10% of the supply market in Mexico
The Tier 1 and OEM companies attached to the Aeroclúster de Querétaro seek to obtain 10% of their supply in the region in five years, anticipated […]
April 6, 2022
FreightCar America says moving production to Mexico is paying off
FreightCar America Inc. said its business is booming since it moved production to Mexico. The Chicago rail car company (Nasdaq: RAIL) announced in September 2020 that […]