COMSA Corporación has sold Aritex to AVIC International Holding Corporation for US$124 million.
AVIC International Holding Corporation (AVIC International) is a Chinese global diversified holding business group affiliated to Aviation Industry Corporation of China (AVIC). AVIC International provides aviation manufacturing and operation services worldwide. The business covers aviation product export, international cooperation, subcontract production, technology introduction, and materials and equipment purchasing.
COMSA Corporación is the second largest unlisted Spanish group in the infrastructures and engineering sector. COMSA mainly operates in the fields of infrastructures and engineering, services and technology, and concessions and renewable energy.
Aritex develops, manufactures and installs production and assembly lines for the main manufacturers worldwide in the aeronautics and automobile sectors. Established in 1961 as a supplier of industrial products for the automobile sector, Aritex diversified its activity to the aerospace sector in 2001. Over the years, it has become established as a leading international company in the main sectors in which it operates.
Oaklins' team in Spain acted as financial advisor to the seller in this transaction.
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