May 03, 2022 –Embraer and Aernnova concluded today the strategic partnership agreement andthe acquisition of the two companies located in Evora, announced in early 2022.Therefore, Aernnova now owns all shares of Embraer Metálicas and EmbraerCompósitos.
At the same timeof the agreement conclusion, a signing ceremony has taken place at Évorafacilities, attended by Francisco Gomes Nato and Iñaki López Gandasegui,presidents of Embraer and Aernnova respectively, Ricardo Chocarro CEO ofAernnova and a representation of the management teams of both companies.
With 500employees, the Évora sites manufacture, among others, components for wings andvertical and horizontal stabilizers for Embraer's aircraft programs such as thePraetor 500 and Praetor 600 executive jets, the two generations of the E-Jetsfamily of commercial jets and the multi-mission aircraft KC-390 Millennium.
This agreementis in line with the growth strategy approved by Aernnova in its Strategic Plan reinforcingour position as a tier 1 supplier for single-aisle aircraft, whilesubstantially improving our improves itspresence in the executive and defense aerospace markets. Évora facilitiesactivity will add around US$170 million to Aernnova’s revenues figure. The factthat these companies are Aernnova's largest production centers will allow thesigning of new contracts with both Embraer and other manufacturers. Likewise,we expect that this acquisition, together with the signing of the strategicagreement with Embraer, may bring new opportunities for the rest of the Group'scompanies.
We would like totake this opportunity to welcome our colleagues from Évora who have just joinedthe Aernnova family.
