SENER acquires TRYO Aerospace & Electronics group

SENER acquired Spain-based TRYO Aerospace & Electronics group from Alantra Partners. Terms of the transaction were not disclosed. The Aerospace Managing Director at SENER, José Julián Echevarría, stated that “the purchase of TRYO sets up a future of opportunities for growth. In fact, SENER has worked to establish itself in the commercial aerospace sector, as it has shown by its ambitious R&D program focused on developing products for such market. In this strategy, which also seeks to overcome the barriers in place to address the commercial market, the possibility of a takeover was always considered. Along those lines, TRYO, a company with more than 30 years experience in the aerospace sector and highly established on the international commercial market, gives us balance and enables us to offer more comprehensive communications systems.”