# Latécoère acquires Avcorp for $139 million

Latécoère S.A. acquired Avcorp Industries Inc. for $139 million via a court-approved plan of arrangement. Avcorp, an aerostructures supplier with over 450 employees, produces components for aircraft like the F-35 and B737 Max.

- Type: Acquisition
- Announced: 2022-05-05
- Where: Vancouver, BC, Canada
- Value: $139.0M
- Jobs: 450
- Status: completed
- Products: aerostructures
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Latecoere](https://endata.com/companies/17396.md) (acquirer)
- [Avcorp Industries](https://endata.com/companies/20018.md) (target)
- [Avcorp](https://endata.com/companies/62702.md) (target)

## Sources

- [latecoere.aero](https://www.latecoere.aero/en/latecoere-to-increase-its-exposure-to-north-american-defence-and-commercial-aircraft-segments-through-acquisition-of-avcorp/), 2022-05-05: "The acquisition of Avcorp is part of Latecoere’s 2025 roadmap to achieve profitable growth as an active consolidator of the aeronautics industry."
- [canadianlawyermag.com](https://www.canadianlawyermag.com/cl-plus/deals/135), 2022-05-05: "On November 7, 2022, Avcorp Industries Inc. closed its $139 million acquisition by Latécoère S.A."
- [prnewswire.com](https://www.prnewswire.com/news-releases/avcorp-announces-execution-of-arrangement-agreement-301540614.html), 2022-05-05: "This transaction represents the culmination of an extended strategic review through a very challenging business environment to find a partner with the financial strength and expanded customer base."
- [electroniques.biz](https://www.electroniques.biz/economie/fabricants/aeronautique-latecoere-se-renforce-en-amerique-du-nord-avec-le-rachat-du-canadien-avcorp/), 2022-06-15: "Latécoère, partenaire de rang 1 auprès des plus grands constructeurs aéronautiques internationaux, a annoncé l’acquisition d’Avcorp Industries, un concepteur et fabricant de structures d’aéronefs."

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