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Mubea, a German automotive supplier, has acquired Cyclone Manufacturing, a Canadian aerostructure company, from the Sochaj family. The deal makes Mubea a significant player in commercial aerospace machining and fabrication.
The German Mubea Group is acquiring the Aerostructures Germany & Hungary unit from Ruag International. The unit is the exclusive supplier for the Airbus A320 family, with sites in Oberpfaffenhofen and Eger.
German manufacturer Mubea plans to invest US$112 million to build its second plant in Guanajuato, Mexico, creating 559 jobs to produce stabilizer bars, precision steel tubes and chassis components.
| Site | Largest | Latest |
|---|---|---|
| Apaseo el Grande, Mexico | $112.0M | 2018-05-10 |