Latecoere, a French aeronautics company, agreed to acquire electrical wiring interconnection system business of Bombardier, a global company in the transportation industry, creating innovative and game-changing planes and trains, for $50m. “This acquisition reflects our willingness to emerge as a leading player in the global consolidation movement in the aeronautics sector. We keep deploying our manufacturing footprint on an international scale with a strong desire to strengthen our presence in the areas closest to our customers,” Yannick Assouad, Latecoere CEO.