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LAT - Latecoere SA News Story

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Last Trade - 8:47am

Sector
Industrials
Size
Small Cap
Market Cap £155.0m
Enterprise Value £283.1m
Revenue £358.6m
Position in Universe 462nd / 847

BRIEF-Latécoère Acquires Querétaro Site, Mexico

Tue 16th February, 2021 7:10am
Feb 16 (Reuters) - LATECOERE SA  LAEP.PA :
    * COMPLETES THE ACQUISITION OF BOMBARDIER'S ELECTRICAL
WIRING AND
INTERCONNECTION SYSTEMS BUSINESS IN QUERÉTARO (MEXICO)
    * IS ACQUIRING QUERÉTARO SITE ON BASIS OF AN ENTERPRISE
VALUE OF
US$45 MILLION, AND WILL BENEFIT FROM ADDED VALUE AND SIGNIFICANT
EXPERIENCE OF QUERÉTARO EWIS TEAM
    * THIS ACQUISITION ALSO ENABLES LATÉCOÈRE TO EXPAND ITS
CUSTOMER
PORTFOLIO AND STRENGTHEN ITS ORDER BOOK BY SERVING CUSTOMERS
FROM THIS SITE
    * TWO COMPANIES HAVE ALSO ENTERED INTO A LONG-TERM SUPPLY
AGREEMENT UNDER WHICH LATÉCOÈRE WILL CONTINUE TO PROVIDE
BOMBARDIER WITH EWIS SYSTEMS FROM THIS SITE FOR ALL BOMBARDIER
PLATFORMS INCLUDING ITS GLOBAL AND CHALLENGER AIRCRAFT

Source text for Eikon:  ID:nBw1JY0yRa 
Further company coverage:  LAEP.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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