Bombardier Acquires Mitsubishi Heavy Industries’ Aerospace Operations in Canada

Bombardier, a Canadian aerospace company, has announced its acquisition of Mitsubishi Heavy Industries’ (MHI) aerospace operations located in Mississauga, Ontario. The deal, which was made public this week, will see Bombardier take control of MHI Canada Aerospace, Inc., including its aerostructure manufacturing capabilities and a team of 750 employees.

The acquisition is part of Bombardier’s long-term growth strategy and is expected to strengthen their in-house aerostructures business, enhance operational resilience, and improve autonomy. The financial details of the deal have not been disclosed and the transaction is subject to regulatory approvals, with an expected closing date later this year.

In a news release, David Murray, executive vice president of manufacturing, supply chain execution, and operational excellence at Bombardier, stated that the agreement is a key step in their growth strategy and will support the company’s flexibility to meet the increasing demand from customers. He also praised MHI Canada Aerospace for their highly respected operation and talented team.

The acquisition will deepen Bombardier’s core manufacturing expertise and commitment to developing the local workforce through multiple streams in component manufacturing and whole aircraft assembly.

MHI, a Japanese company, emphasized that it remains committed to the commercial aerospace and defense industries and will continue to maintain a significant presence in Canada through other business activities.

This acquisition is another significant move for Bombardier, following the recent sale of their rail division to Alstom SA for $8. 2 billion. The company has been undergoing a significant transformation, focusing on their business jet and rail divisions. This deal with MHI aligns with their strategy to strengthen their aerospace operations and improve their competitiveness in the global market.

The acquisition is expected to have a positive impact on the Canadian aerospace industry, with the addition of Bombardier’s aerostructure capabilities and the potential for job growth in the future. It also highlights the strength of the Canadian aerospace sector and its ability to attract foreign investment and partnerships.

Overall, the acquisition of MHI Canada Aerospace is a significant step for Bombardier and their long-term growth strategy. It will allow them to strengthen their capabilities, increase their competitiveness, and further establish themselves as a major player in the global aerospace industry.