Herbert Smith Freehills has acted for Aernnova Aerospace on its acquisition of a leading aerospace components manufacturing business from GE Aviation.
The acquisition of the Hamble facility is likely to increase Aernnova’s long-term, predictable revenues by approximately US$200 million per year, and also includes acquisition of assets in Suzhou, China.
Headquartered in Spain, Aernnova is a tier 1 supplier to multiple civil and military programmes and has operations across eight countries and employs more than 4,700 people.
GE’s Hamble facility is a leading supplier of major civil and military aircraft structures in hi-tech composites, metallic, acrylics and hybrid structures.
The HSF team included Mark Bardell (Picture), John Taylor, Sid Shukla and Ed Gainer (London) and Alberto Frasquet and Alejandra Romero (Spain).
Involved fees earner: Mark Bardell – Herbert Smith Freehills; Alberto Frasquet – Herbert Smith Freehills; Edward Gainer – Herbert Smith Freehills; Alejandra Romero – Herbert Smith Freehills; Sid Shukla – Herbert Smith Freehills; John Taylor – Herbert Smith Freehills;
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