Bombardier took steps to further reinforce its supply chain through the acquisition of Latécoère’s electrical wiring interconnection system (EWIS) business in Querétaro, Mexico, the Canadian airframer announced today. Terms of the transaction, which closed less than four months after an agreement was announced, were not disclosed.
In announcing the deal in March, Latécoère said that it would continue to develop its own EWIS activities from its site in Hermosillo, Mexico, within a co-located aerostructures and wiring facility. The Tier 1 supplier further emphasized that Bombardier would remain a customer for its North America business.
This acquisition enables Bombardier to take key EWIS activities in-house and secure both the expertise and assets to manufacture electrical harnesses, Bombardier said, adding that the move is in alignment with insourcing initiatives designed to improve its supply chain.
“The Bombardier team is pleased to complete this strategic and mutually beneficial acquisition,” said David Murray, executive v-p of manufacturing, IT, and Bombardier operational excellence system. “This agreement allows Bombardier to continue to strengthen its position as an industry leader in Querétaro, Mexico, and to confirm its position as a flagship company of the Mexican aerospace industry.”
In addition, the move comes as Latécoère completed a restructuring and recapitalization of its business as it continues to bounce back from the Covid-19 pandemic.