# MAGROUP acquires Tecnickrome Aeronautique and CFN Precision in Canada

MAGROUP acquired Tecnickrome Aeronautique Inc in Montreal and CFN Precision Ltd in Toronto, wholly-owned subsidiaries of Sumitomo Precision Products, marking its entry into the Canadian aerospace market.

- Type: Acquisition
- Announced: 2023-10-11
- Where: Montreal and Toronto, Canada, Canada
- Status: completed
- Products: landing gear systems, composite aerostructure components
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [MAGROUP](https://endata.com/companies/73447.md) (acquirer)
- [Tecnickrome Aeronautique](https://endata.com/companies/73448.md) (target)
- [CFN Precision](https://endata.com/companies/73449.md) (target)
- [Sumitomo Precision Products](https://endata.com/companies/73450.md) (partner)

## Sources

- [en.aviation-report.com](https://en.aviation-report.com/magroup-acquires-tecnickrome-aeronautique-inc-and-cfn-precision-ltd-enters-canada-aerospace-market/), 2023-10-13: "The Canadian aerospace market offers important opportunities; there are several programs that are of interest to us."

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