Embraer to sell Portuguese manufacturing sites to Aernnova

Embraer has agreed to sell aerostructures operations in Portugal to Spanish aerospace company Aernnova for $172 million (€149 million) to optimise its manufacturing footprint.

The deal will see Aernnova acquire two Embraer operations in the city of Evora: the 37,100 m2 Embraer Metalicas site, and the 31,800 m2 Embraer Compositos facility, the Brazilian airframer announced on 12 January.

Those operations employ a combined 500 staff and produce metallic and composite components for wings, horizontal stabilisers and vertical stabilisers. The components are found on Embraer’s primary aircraft programmes, including its E-Jet commercial airliners, Praetor 500 and 600 business jets and KC-390 military transport.

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Embraer's chief executive Francisco Gomes Neto calls the divestitures an important step towards the company's footprint optimisation strategic initiative, which aims to enhance its assets and improve the company’s profitability.

Acquiring the Embraer assets reflects Aernnova’s growth intentions, says chief executive Ricardo Chocarro. “This agreement strengthens Aernnova’s position as a tier-one supplier for single-aisle aircraft and improves its presence in the executive and defence aerospace markets,” he adds. The sites will generate about $170 million in annual revenue.

Aernnova has a long history of working with Embraer, having landed its first contract with the airframer in 1993, for the design and manufacturing of ERJ-145 wings. Its other work includes manufacturing stabilisers, rudders and other components for Embraer’s E-Jets, and parts for Airbus and Boeing aircraft.

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