# Mitsubishi Heavy Industries to acquire Bombardier's CRJ regional jet program for $550M

Mitsubishi Heavy Industries (MHI) agreed to acquire Bombardier's Canadair Regional Jet (CRJ) program for $550 million in cash plus assumption of $200 million in liabilities, including maintenance, support, sales activities and service centers in Canada and the US.

- Type: Acquisition
- Announced: 2019-06-25
- Where: Montréal, Québec; Toronto, Ontario; Bridgeport, West Virginia; Tucson, Arizona, Canada
- Value: $550.0M
- Status: announced
- Products: CRJ Series regional jet aircraft, maintenance, repair and overhaul services
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Mitsubishi Heavy Industries](https://endata.com/companies/493.md) (acquirer)
- [Bombardier](https://endata.com/companies/2513.md) (target)
- [Primetals Technologies](https://endata.com/companies/16384.md) (acquirer)
- [ABP Induction Systems](https://endata.com/companies/40667.md) (target)
- [CM Acquisitions](https://endata.com/companies/40668.md) (partner)

## Sources

- [mhi.com](https://www.mhi.com/news/190625.html), 2019-06-25: "This transaction represents one of the most important steps in our strategic journey to build a strong, global aviation capability."
- [primetals.com](https://www.primetals.com/en/news/mhi-and-primetals-technologies-to-acquire-abp-induction-systems/), 2019-07-16: "With ABP becoming one of MHI’s group companies and the further close ties that will bring, we can develop and provide customers with even more advanced technologies."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.