# Aernnova acquires Embraer industrial plants in Évora, Portugal for $172 million

Embraer and Aernnova announced a strategic partnership where Aernnova acquires Embraer's Metálicas and Compósitos units in Évora, Portugal for $172 million, with a long-term supply agreement.

- Type: Acquisition
- Announced: 2022-01-12
- Where: Évora, Portugal, Portugal
- Value: $172.0M
- Jobs: 500
- Status: announced
- Products: metallic and composite airframe structures, parts for wings, stabilizers
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Embraer](https://endata.com/companies/23129.md) (partner)
- [Embraer](https://endata.com/companies/23129.md) (target)
- [Aernnova](https://endata.com/companies/42535.md) (acquirer)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1355444/000129281422000072/embraer20220112_6k1.htm), 2022-01-12: "The transaction contemplates the sale of all shares of company’s wholly owned subsidiaries to Aernnova for the reference price of US$ 172 million."
- [prnewswire.com](https://www.prnewswire.com/news-releases/embraer-and-aernnova-announce-new-strategic-partnership-in-evora-301459388.html), 2022-01-12: "The transaction contemplates the sale of all shares of company's wholly owned subsidiaries to Aernnova for the reference price of US$ 172 million, subject to adjustments on the closing date."
- [aeromorning.com](https://aeromorning.com/en/embraer-and-aernnova-announce-new-strategic-partnership-in-evora/), 2022-01-12: "This agreement strengthens the Aernnova’s position as a tier 1 supplier for single-aisle aircraft."
- [flightglobal.com](https://www.flightglobal.com/airframers/2022/01/embraer-to-sell-portuguese-manufacturing-sites-to-aernnova-for-172m/), 2022-01-12: "This is an important step towards Embraer's footprint optimisation strategic initiative."
- [janes.com](https://www.janes.com/defence-intelligence-insights/defence-news/industry/embraer-to-sell-two-portuguese-plants-to-aernnova), 2022-01-13: "This agreement is an important step towards [Embraer's] footprint optimisation strategic initiative, which aims to [make] better use of our assets and improve the company's profitability."

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