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Aernnova Aerospace acquires Embraer's Portuguese subsidiaries for $174M · Endata

◂ Announcements

Aerospace Componentsworld trade 2024+1.2% 5Y CAGR

May 4, 2022ACQUISITIONPortugal, Portugal

Aernnova Aerospace acquires Embraer's Portuguese subsidiaries for $174M

Embraer sold its wholly owned subsidiaries Embraer Portugal Estruturas Metalicas (EEM) and Embraer Portugal Estruturas em Compositos (EEC) to Aernnova Aerospace for USD $174 million. The deal was completed on May 4, 2022.

Value

$174.0M

Status

Completed

Productsmetal structurescomposite structures

CompaniesEmbraer target Aernnova Aerospace acquirer

Sectors#Aerospace Components

“Paul Hastings LLP, a leading global law firm, represented Embraer in the conclusion of the sale of its wholly owned subsidiaries Embraer Portugal Estruturas Metalicas (EEM) and Embraer Portugal Estruturas em Compositos (EEC) to Aernnova Aerospace for USD $174 million.”paulhastings.com

1 source
paulhastings.comEmbraer and Aernnova Aerospace Complete Strategic Partnership Agreement | Paul Hastings LLPMay 4, 2022

Summarized from public sources; check the original articles before acting on it.

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