(13 Jan 2022)
Embraer and Aernnova have entered into a
strategic partnership for Embraer Metlicas and Embraer Compsitos
industrial units, located in the Aeronautical Industry Park of
The transaction contemplates the sale of all
shares of companys wholly owned subsidiaries to Aernnova for the
reference price of US$ 172 million, subject to adjustments on the
With 37,100 and 31,800-square meters respectively,
and employing around 500 people, the facilities combine the most
advanced technologies in both metallic and composite airframe
construction with a high level of digitalization and automation of
plant production processes.
Among other activities, both factories produce
parts for wings, vertical and horizontal stabilizers for programs
such as the Praetor 500 and Praetor 600 business jets, the two
generations of the E-Jets family of commercial jets and the
multi-mission aircraft KC-390 Millennium (pictured).
Embraer KC-390. Picture by Steven Howard of TravelNewsAsia.com
vora industrial units
will constitute Aernnovas largest production center in the world.
Under the terms of the partnership, Aernnova
assumes the operation of the industrial plants in vora at the
same time as it signs a supply agreement to secure current
production packages for Embraer aircraft.
The deal strengthens Aernnovas position
as a tier 1 supplier for single-aisle aircraft and improves its
presence in the executive and defense aerospace markets.
facilities activity will add around US$170 million to Aernnovas
The industrial capacity at Evora plants will also
allow Aernnova to further expand Evora current activities with new
contracts either from Embraer or other aircrafts manufacturers.
Mr. Ricardo Chocarro, CEO of Aernnova, said, This
deal is another step forward in Aernnovas growth strategy,
further underlining the companys status as a global leader in the
design and manufacturing of aerostructures. We plan to further
develop the operations of the facilities, and establish vora as a
global aerostructure manufacturing benchmark, with the technical
and commercial support of Aernnova group, and with the continuous
commitment of the company to a digital and sustainable
The closing of the transaction is subject to the
completion of certain conditions which the parties expect to
accomplish in the first quarter of 2022.
We are pleased to announce this partnership with
Aernnova, a world renowned supplier in the aerostructures segment,
which will allow for increasing the occupation level of the
factories in vora, to diversify its client base and to bring new
business opportunities, said Francisco Gomes Neto, President and
CEO of Embraer. This agreement is an important step towards the
footprint optimization strategic initiative, which aims to better
use of our assets and improve the companys profitability.