Latécoère acquires Avcorp Industries Inc.

Goodmans LLP acted for Latécoère S.A, a Tier 1 partner of the world's largest aircraft manufacturers, in relation to the acquisition of Avcorp Industries Inc., a Canadian-domiciled company that builds major airframe structures for leading aircraft manufacturers.

Latécoère acquired all of the issued and outstanding common shares of Avcorp in exchange for cash consideration representing a 16% premium to the closing price of Avcorp’s common shares on the Toronto Stock Exchange on May 4, 2022. The transaction was implemented by way of a court-approved plan of arrangement under the Canada Business Corporations Act. 

The acquisition of Avcorp strengthens the Latécoère Group's Aerostructures business through the access to key aircraft platforms (B737 Max and F-35), an expanded product portfolio including wing sub-assemblies, and the production capabilities for large-scale composite parts.

This acquisition is part of Latécoère’s 2025 roadmap to achieve profitable growth and participate in global aerospace industry consolidation. It follows a number of external growth transactions initiated by the Group in 2021 and continued into 2022 with the acquisition of MADES and the investment in Figeac Aéro’s Mexican activities co-located with Latecoere Mexico.

These acquisitions have enabled Latécoère to: