SENER STRENGTHENS AEROSPACE BUSINESS WITH ACQUISITION OF TRYO
The engineering and technological group SENER has acquired Tryo Group Aerospace & Electronics, which stands to further drive the former’s aerospace business after the sale to Rolls Royce in late 2017 of the its Spain-based engine manufacturer, ITP, for €720mn. In both transactions, the SENER was advised by the legal firm, CORTÉS, ABOGADOS.
SENER is to integrate in its aerospace business the companies of Tryo, which include Tryo Aerospace Flight Segment and Rymsa RF, with affiliates or interests in Mexico and the USA.
Within the space sector, the combined turnover of both groups is approximately €120mn. Sener’s aerospace business is complementary to its undertakings in engineering and construction and is dedicated to activities such as the supply of equipment, system-integration solutions and services for the space, defence and aeronautics industries.