Latecoere, a firm operating in the aeronautics industry, completed the acquisition of Avcorp, a Canada-based manufacturer within the aerospace industry, for $32m. “Avcorp is an excellent business with a track record of delivering first class performance. Its successful management team share our approach and vision for the enlarged business. The two businesses have complementary client bases, geographical strengths and service offerings. There are exciting opportunities to combine Avcorp’s expertise in defence and strong presence in North America with Latecoere’s end-to-end technical capabilities and global footprint. Thanks to this new acquisition the Group is well positioned to serve the aerospace industry with innovative solutions for a sustainable world and on track to deliver its Ambition 2025 growth plan. On the top of rescaling the Group, it will reposition the company on profitable growing segments," Thierry Mootz, Latecoere CEO.