# 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.

- Type: Acquisition
- Announced: 2022-05-04
- Where: Portugal, Portugal
- Value: $174.0M
- Status: completed
- Products: metal structures, composite structures
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Embraer](https://endata.com/companies/23129.md) (target)
- [Aernnova Aerospace](https://endata.com/companies/34955.md) (acquirer)

## Sources

- [paulhastings.com](https://www.paulhastings.com/news-and-recognitions/news/embraer-and-aernnova-aerospace-complete-strategic-partnership-agreement), 2022-05-04: "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."

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