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PRESS RELEASE
Issued by:

Acquisition of Shimtech de Mexico
Thursday, 16 September 2021

Latecoere, a leading partner of major international aircraft manufacturers, 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 Latecoere's composites production capabilities in North America, better positioning the Latecoere Group for future market developments. Latecoere 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 Latecoere stated: "I am delighted that Shimtech de Mexico is joining Latecoere 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."

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

Contact details from our directory:
Latécoère Aircraft Interiors, Electrical Fittings, Aircraft Doors, Aircraft Structural Components, Avionics Racks, Nose Cones, External & Taxi Aid Camera System (ETACS, Wire Harnesses, Fuselage Sections, Aircraft Security Equipment, Cameras (Airborne), Control Panels, Electrical Wire & Cable
Avantus Aerospace (was Shimtech Industries) Brackets, Fasteners, Shims, Precision Machined Parts, Screws, Clips, Alignment Pins, AN, MS & NAS Series Fasteners, Bolts, Captive Screws, Shoulder Bolts
Latecoere Interconnection Systems Inflight Entertainment, Wire Harnesses, Electrical Cable, Electrical Wire & Cable, Electronic Harnesses, Electromechanical Assembly
Related directory sectors:
Structural Components
Safety & Security Systems
Imaging and Visual Systems
Electrical Components
Cabin Interiors
Avionic Components
Airframe Assemblies