Fonds de solidarité FTQ lends $50 mln for Héroux-Devtek buy
Fonds de solidarité FTQ has provided a $50 million loan to Héroux-Devtek Inc, a Longueuil, Québec-based specialist in the design, manufacture, testing and repair of landing gear and actuation systems for the aerospace market. The loan's proceeds will support the acquisition of Compañia Española de Sistemas Aeronauticos SA (CESA), a Spanish affiliate of Airbus SE. The CESA deal, also announced today, reflects a purchase price of about $205 million. In a separate statement, Héroux-Devtek said the buy will increase its European presence, expand its product and service offering, and gain content on key aircraft programs and customers.
2 October 2017•2 mins read
