PARIS, Dec 31 (Reuters) - French aeronautics group Latecoere LAEP.PA has agreed to purchase Bombard
PARIS, Dec 31 (Reuters) – French aeronautics group Latecoere LAEP.PA has agreed to purchase Bombardier’s BBDb.TO electrical wiring interconnection system enterprise primarily based within the Mexican state of Querétaro for round $50 million, the businesses mentioned on Tuesday.
“This acquisition displays our willingness to emerge as a number one participant within the international consolidation motion within the aeronautics sector,” mentioned Latecoere chief government Yannick Assouad.
Bombardier is restructuring, shedding underperforming business aircraft applications to give attention to extra worthwhile enterprise jet and rail models.
(Reporting by Sudip Kar-Gupta; Enhancing by Kim Coghill)
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