LATECOERE : Latecoere Services GmbH Creation of a subsidiary in Germany
In June 2012, Latécoère Group took another step in its international expansion by creating a subsidiary in Hamburg.
Through Latecoere Services GmbH, subsidiary of LATecis, the Group will be able to expand its engineering services, aerostructures design and industrialisation offers, and provide its customers with customized solutions that have high technological value.
With this new facility, Latécoère and its subsidiary LATecis plan to consolidate their position and strengthen their relationship with Airbus Germany and open new markets with other large German industrial customers.
Latecoere Services GmbH will be closed to LATelec GmbH, interconnexion systems Group subsidiary. This organization will allow Latécoère Group to propose global and flexible solutions (aerostructures & interconnexion systems).
With considerable experience in consulting and engineering services, LATecis - a Latécoère Group subsidiary created in 1977 - is a European leader in its market. Established in Toulouse, Nantes, Bordeaux, Paris, Madrid, Seville, London and Montreal, our over 500 team members put their technical and operational expertise to work for industrial customers in the aeronautics, space, defence and capital goods sectors. LATecis had total revenues of €78.3 million in 2011.
LATecis assists its clients with their domestic and international deployments by providing:design of complex products (aeronautics and satellite structures, complex mechanical structures, tooling, etc.). support for industrialisation and production. design, project management and operational launch of turnkey systems (aircraft assembly lines, testbeds and testing specialized machines, etc.).
Latécoère is a tier 1 partner to major international aircraft manufacturers (Airbus, Boeing, Bombardier, Dassault and Embraer), in all segments of the aeronautical market (commercial, regional, corporate and military aircraft), specialising in three fields:Aerostructures (59% of total revenue): fuselage sections and doors. Interconnexion systems (27% of total revenue): onboard wiring, electrical harnesses and avionics bays. Engineering and services (14% of total revenue): design, stress analysis and definition of industrial products - design, manufacturing & maintenance of tooling and special assemblies.
The Group employs 4,175 people in 9 countries.
Latécoère had total consolidated revenues of €575.6 million in 2011 and as of 31 December 2011 its order book stood at €2.2 billion (based on a USD/EUR exchange rate of 1.35).
Latécoère, a French corporation (société anonyme) with capital of €18,621,608 divided into 9,310,804 shares with a par value of €2 per share, is listed on Euronext Paris - Compartment C. ISIN code: FR0000032278 - Reuters code: LAEP.PA - Bloomberg code: LAT.FP
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