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Héroux-Devtek acquires Quebec-based Alta Precision
- July 5, 2019
- News Release
- Made In Canada
Héroux-Devtek Inc., the third-largest landing gear manufacturer in the world, has acquired Montreal-based Alta Precision Inc., a manufacturer of high-precision landing gear components, in a $23 million deal.
Héroux-Devtek, with its head office in Longueuil, Quebec, has 1,960 employees around the world. With this acquisition, the company will have approximately 800 employees located in Quebec
This acquisition, along with those of CESA, Beaver and Tekalia announced over the last year, strengthen its leadership position around the world.
“The acquisition of Alta Precision Inc. expands our portfolio of commercial products by providing both access to new programs and additional content on existing platforms. It also comes with the backlog and manufacturing capacity necessary to grow the existing business”, said Martin Brassard, President & CEO of Héroux-Devtek.
Alta's president Guillermo Alonso will join the Héroux-Devtek team. Alta Precision is a privately owned company which operates a state-of-the-art 72,000-sq.-ft. facility located in Montreal, Quebec. The company has approximately $18 million in annual revenues and employs 110 highly-skilled personnel.
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