We analyse investment in the aeronautical sector by Aertec Solutions, the international engineering and consultancy firm specialising in airports, the aeronautical industry and defence, which has taken another step forward in its foreign expansion plan with the acquisition of the German engineering firm The QualityPark Group (QPAC).
Aertec Solutions is a Spanish engineering and consultancy company specialising in aeronautics whose value proposition is to be specialists in airports, aerospace and defence.
The company manages numerous multidisciplinary projects for the main manufacturers in the aeronautical sector, such as Airbus, for which the company is currently a Tier 1 preferred supplier of manufacturing engineering and programme management services for its civil and military aircraft, providing expertise in industrialisation, manufacturing support, assembly and design and production support, as well as test systems engineering.
The QualityPark Group (QPAC), based in Hamburg, is a high-tech supplier of engineering and process technology with extensive experience in the aerospace market.
QPAC has accumulated extensive expertise in the areas of process management, manufacturing engineering, systems engineering, electrical and tooling design, working closely with customers such as Airbus, Premium Aerotec, Ferchau Engineering or Latesys GmbH, and participating in programmes such as the A400M, A320, A330-200, A350XWB or the A380.
For the founder of Aertec Solutions, Antonio Gómez-Guillamón, this business integration will allow the company to position itself in "a clearly strategic market" for the firm, such as Germany, and to consolidate its position in the European market, where it already has "an important presence".
Aertec Solutions already has offices in the United Kingdom, in addition to the four Spanish offices in Malaga, Seville, Madrid and Barcelona. On the American continent it has offices in Colombia and the USA. "Aertec has been a company with an international vocation since its origins more than twenty years ago. We work every day to grow as one of the most important engineering companies in the aerospace industry in Europe, capable of influencing the development of aeronautics worldwide, and the acquisition of QPAC adds to this objective," said Vicente Padilla, who is also the founder of Aertec Solutions.
The Malaga-based international engineering and consultancy firm expects to increase its global turnover by 15 percent thanks to the acquisition of QPAC, which currently has more than 50 employees, and also allows it to have a presence in three of the most important aeronautical centres in Europe, such as Hamburg, Broughton and Andalusia.
The last few months have been marked by a great deal of M&A activity in the Spanish aeronautical sector. Of particular note are the Airbus operations authorised to acquire the 40%, which it does not own in Spanish Aeronautical Systems Company (CESA) a UTC Aerospace Systems [NYSE:UTX], with the aim of subsequently selling Compañía Española de Sistemas Aeronáuticos' (CESA) 100% to Canada's Héroux-Devtek for €140M.
Towerbrook Capital Partners, Torreal, and Peninsula Capital, entities based in the United States, Spain and Luxembourg respectively, have agreed to become shareholders in the Spanish company. Aernnovaby acquiring the 47% owned by the firm from private equity Swiss Springwater Capital and 23,6% to other unidentified shareholders. The amount of the transaction has not been disclosed.
For its part, Celestiathe investor group of the Spanish company Telecommunications and Information Technologies (TTI)has acquired a majority stake in the French company Callisto Spac, which we analysed in our post on Analysis of investment in telecommunications satellites.