Aritex has been acquired by AVIC International Holding Corp
COMSA Corporación has sold Aritex to AVIC International Holding Corporation for US$124 million.
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.
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.
Oaklins' team in Spain acted as financial advisor to the seller in this transaction.
Talk to the deal team
Related deals
CPP, a portfolio company of Warburg Pincus and Berkshire Partners, has sold Onamac to Due West Partners
Consolidated Precision Products (CPP) has sold Onamac Industries Inc. to Due West Partners.
Learn morePrecision Fuel Components has been acquired by VSE Corporation
The shareholders of Precision Fuel Components, LLC have sold the company to VSE Corporation.
Learn moreHE Space has been acquired by CS Group
With this acquisition, CS Group increases its European presence in space to nearly 800 employees. The group would thus strengthen its installed base in the Netherlands, Germany and France and expand its development prospects in Spain and the UK. This acquisition will ensure a stronger presence with institutional organizations such as ESA’s ESOC and ESTEC agencies, EUMETSAT and industrial companies such as Airbus, Thales and OHB.
Learn more