Embraer Completes Acquisition of Additional Stake in Cabin Joint Venture

MT Newswires Live
07/02

Embraer (EMBJ) said Thursday it completed the acquisition of an additional stake in its cabin joint venture with Safran Cabin, along with certain Brazil-based assets related to the business.

The company said the deal includes the purchase of the remaining 50% stake in Mexico-based EZ Air Interior, giving it full ownership of the company, which manufactures cabin components for the E-Jets family.

Embraer said it also acquired part of Safran Cabin's operations in Jacarei, Brazil, while Safran retains its non-Embraer engineering services business in Brazil.

The transaction closed after receiving regulatory approvals and meeting customary closing conditions, it added.

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