Aerotech Peissenberg GmbH Co KG $267 Million Joint-Venture with Grupo Punto Alto, S.A.P.I. de C.V.

TaylorWessing, Santamarina y Steta and Norton Rose advised on the transaction.

Aerotech Peissenberg Corporation executed a joint venture with Mexican company Grupo Punto Alto, to build US$ 267 million plant to manufacture turbine components in Hermosillo, Sonora.

The plant is already under construction over a three-hectare surface at the Hermosillo Norte industrial park, where it will manufacture parts for General Electric and Rolls Royce engines under the name of AT Engine Mexico.

Grupo Punto Alto is a Chihuahua-based company founded in 1959 with investments in several sectors such as construction, real estate, aerospace, metal-mechanics and services.

Aerotech Peissenberg GmbH & Co. KG engages in engineering and manufacturing turbine components for commercial and military engine markets, and industrial gas turbines. The company was founded in 1996 and is based in Peißenberg, Germany.

In Germany TaylorWessing advised Aerotech Peissenberg on the transaction. In Mexico the company relied on Santamarina y Steta, with a team including Jorge Leon Orantes (Picture), Pablo Laresgoiti and Gabriela Lomeli.

Norton Rose advised Bancomext on the transaction.

Involved fees earner: Jorge León-Orantes – Santamarina y Steta; Pablo Laresgoiti – Santamarina y Steta;

Law Firms: Santamarina y Steta;

Clients: Aerotech Peissenberg GmbH & Co. KG ;

Author: Ambrogio Visconti.