SENER acquires TRYO Aerospace & Electronics group

victoria@aviationnews-online.com
By victoria@aviationnews-online.com June 18, 2018 09:49

SENER acquires TRYO Aerospace & Electronics group

The engineering and technology group SENER has announced the acquisition of the TRYO Aerospace & Electronics group which, up to now, belonged to the private equity fund Alantra and private minority investors. This purchase brings to an end the formal sale process initiated by Alantra in 2017 through the investment bank M&A Houlihan Lokey, which offered its consultancy in the operation.

By doing so, the aerospace activity of the SENER group now brings on board the entire TRYO Aerospace & Electronics group which is the parent company of TRYO Aerospace Flight Segment and RYMSA RF – that, in turn, owns 99.8 % shares of the company Radiación y Microondas México and 20 % shares of the American company Mega Industries. In accordance with its 2017-2019 strategic plan, this first investment has enabled SENER to strengthen its technology, engineering and production capabilities in the aerospace sector with a clear commitment to growth.

victoria@aviationnews-online.com
By victoria@aviationnews-online.com June 18, 2018 09:49