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Latecoere to acquire Bombardier’s Mexican wiring business

January 02, 2020 / FlightGlobal
SHARESHARESHARE

Canadian manufacturer Bombardier is to sell the electrical wiring activities at Queretaro site in Mexico to Latecoere. The French aerostructures and electrical equipment manufacturer will pay Bombardier $50 million for the operation, which employs around 700 staff and generates annual turnover of $80 million, the two companies have disclosed. As part of the deal, scheduled for completion by June, Latecoere will supply electrical wiring interconnection systems for Bombardier’s business jet lines under a “long-term” co-operation agreement.