LATECOERE : Latécoère: preferred bidder for the acquisition of the Méaulte and Saint Nazaire Ville sites

le
0

Latécoère, a group specialising in aerostructures and onboard wiring, has just been selected by Airbus as preferred bidder for the acquisition of the Méaulte and Saint Nazaire Ville sites.

The acquisition of these two sites will be a major milestone in Latécoère's development. It will give Latécoère the opportunity to strengthen considerably its position as an aerostructure component manufacturer (fuselage sections and aircraft doors), while maintaining the Méaulte and Saint Nazaire Ville facilities and safeguarding jobs.

As previously stated, to finance this transaction, Latécoère will raise around ¤300m through a capital increase in the first half of 2008.

Within the new-look group:

Méaulte will contribute its expertise in nose cones and its skills in assembly robotics.
Saint Nazaire Ville will contribute its expertise in the shaping and machining of large fuselage panels, and its skills in developing environmentally friendly technologies.
Latécoère will contribute its international scale, as the only aerostructure supplier that works for all the world's leading aircraft manufacturers. It will also offer its R&D skills and composite technologies, which will be applied to the fuselages made in Méaulte, together with its efficient international supply chain.

The group will feature staff that have been working together for a long time, and that share the same passion for aerospace and the same objectives: the successful application of composite technologies and an increasing share of the international market.

The new-look group will have annual revenue of over ¤1bn, and will see its business grow by around 40% in the next few years. This growth will be driven by existing programmes in place at Airbus (in addition to the new A350 XWB programme), Boeing, Bombardier, Dassault and Embraer.
Growth will be supported by its sites in France and its foreign subsidiaries (in Brazil, the Czech Republic and Tunisia).
The group will keep core product skills in France: programme development and key technologies will remain in France, and a high-tech composites unit will be set up at Méaulte. This strategy will create jobs at the French sites.

The acquisition of the Méaulte and Saint Nazaire Ville sites will make Latécoère France's leading supplier of aerostructures, and one of the largest in the world.
The new-look group is expected to have revenue of almost ¤1.5bn and employ 5,500 staff in 2010.

François Bertrand, Chairman of the Executive Board, made the following comments: "This deal is excellent news for the French aerospace industry. It shows Airbus' confidence in Latécoère's potential as a major player in the world aerostructures market."


About Latécoère

Latécoère generated revenues of ¤432.7m in 2006 and had an order backlog of ¤1,620m at 30 June 2007. It is strengthening its positions in three areas:

  • Aerostructures (66% of revenue): fuselage sections and doors
  • Onboard wiring and systems (29% of revenue): onboard wiring, electrical fixtures and equipment
  • Engineering and services: (5% of revenue): research, design and tool-making.

The Latécoère group is a key partner for leading aircraft manufacturers, and participates in the upstream phases of major international aerospace programmes from the very first stages of development. 
Latécoère is listed on compartment B of Eurolist by EuronextTM. Indexes: SBF 250, CAC MID&SMALL 190, SMALL 90, IASISIN codes: FR0000032278  -  Reuters: LAEP.PA  -  Bloomberg: LAT.FP

CONTACTS
Groupe LATECOERE ACTUS
Jean-Jacques PIGNERES / Finance
Jean-Pierre ROBERT / V.P Communication
Tel: +33 5 61 58 77 00
Email : jj.pigneres@latecoere.fr
Nathalie BOUMENDIL
Analyst and Investor Relations
Tel: +33 1 53 67 35 74
Email : nboumendil@actus.fr

Information réglementée :
Communiqués au titre de l'obligation d'information permanente
© Copyright Actusnews Wire
Recevez gratuitement par email les prochains communiqués de la société en vous inscrivant sur www.actusnews.com
Receive by email the next press releases of the company by registering on www.actusnews.com, it's free

Valeur associée
  Libellé Bourse Dernier Var. Vol.
Vous devez être membre pour ajouter des commentaires.
Devenez membre, ou connectez-vous.
Aucun commentaire n'est disponible pour l'instant