# Novae sells aerospace division to ACI

Novae has sold its aerospace manufacturing, repair and engineering business (Novae Aerospace) to ACI, a young industrial company founded by Philippe Riviere and Patrice Rives. The division has two plants in France and Romania, with €14 million in revenue.

- Type: Acquisition
- Announced: 2020-04-15
- Where: France
- Status: completed
- Products: aerospace parts, mechanical parts, materials for defense, medical, energy, aerospace
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Novae Corp.](https://endata.com/companies/29809.md) (target)
- [ACI](https://endata.com/companies/46568.md) (acquirer)

## Sources

- [capitalfinance.lesechos.fr](https://capitalfinance.lesechos.fr/deals-m-a/small-cap/novae-cede-sa-branche-aeronautique-a-aci-1194996), 2020-04-15: "Il vient de céder ses activités de fabrication, réparation et ingénierie aéronautiques à la jeune entreprise industrielle ACI."

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