Ownership

Patria buys Patricomp

Press release Jun 04, 2018

Patria acquires Patricomp Oy from Spanish Aernnova

 

Patria Aerostructures Oy, a fully owned subsidiary of Patria Oyj and Aerometallic Components SAU, a fully owned subsidiary of Aernnova Aerospace SAU have signed a transaction regarding the all shares in Patricomp Oy. Patricomp operates in aircraft sheet metal part manufacturing, surface treatments and assemblies. Patricomp net sales were 6.6 million euros in 2017. Patricomp is located in Halli, Jämsä and employs some 50 employees. The parties have agreed not to disclose the transaction value. The closing of transaction is subject to approvals from authorities.

 

Additional information: Petri Hepola, President, Aerostructures, Patria, +358 40 869 3760

 

Patria is an international provider of defence, security and aviation life cycle support services and technology solutions. Patria provides its aerospace and military customers with equipment availability, continuous performance development as well as selected intelligence, surveillance and management system products and services. Patria’s mission is to give its customers confidence in all conditions, and the vision is to be the #1 partner for critical operations. Patria has several locations including Finland, Sweden, Norway and Estonia. Net sales totaled EUR 467.7 million in 2017, and Patria employs 2,800 professionals. Patria is owned by the State of Finland (50.1%) and Norwegian Kongsberg Defence & Aerospace AS (49.9%). Patria owns 50% of Norwegian Nammo, and together these three companies form a leading Nordic defence partnership.

www.patria.fi

 

Aernnova is a leading company specialized in the design and manufacturing of aerostructures headquartered in Spain. Aernnova, founded in 1986, operates internationally among others in Spain, Mexico, Brazil, USA and Romania.