April 22, 2010
Canec Inteational Ltd. is pleased to announce today that its client, NSE Aero North America, a Canadian subsidiary of NSE group in France (700 employees in electronics, computers, and aerospace) and headed by Francois Lacoste, has made a significant investment in Automatech Industrielle Inc.
NSE Aero North America, specialized in wire haesses, aircraft maintenance and the integration of electronic systems, has seen clear complementarities with the know-how of Automatech Industrielle Inc., which is focused on high precision machining, in particular for the aerospace industry.
NSE–AUTOMATECH, a Canadian corporation, will merge all these activities to offer customers in the aerospace, defense, medical and mechanical industries a fully integrated service, from conception to finished and tested product. Responding to market needs, this will further improve the competitiveness of delivered products.
NSE-AUTOMATECH will have a workforce of nearly 100 employees and both current plants of Saint-Laurent and Granby will be maintained.
As M&A advisors to NSE Group, Canec Inteational initiated and facilitated the transaction and its financing.