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June 10, 2019 | Local, Aerospace

Héroux-Devtek announces acquisition of Québec-based Alta Précision Inc.

Héroux-Devtek Inc., the world's third-largest landing gear manufacturer, announced that it has concluded the acquisition of all the outstanding shares of Montreal-based Alta Precision Inc., a manufacturer of high-precision landing gear components. The transaction, which is subject to final purchase price adjustments, is valued at $23 million and was funded through the corporation's credit facilities.

Héroux-Devtek, with its head office in Longueuil, Que., has 1,960 employees around the world, of which approximately 800 are located in Québec following the acquisition of Alta Precision Inc. Since its inception in 1942, Héroux-Devtek has grown from a small repair and overhaul facility to a world-class supplier of landing gear and actuation systems, delivering on major platforms such as the Boeing 777 and 777X. This acquisition, along with those of CESA, Beaver and Tekalia announced over the last year, strengthen its leadership position around the world.

“The acquisition of Alta Precision Inc. expands our portfolio of commercial products by providing both access to new programs and additional content on existing platforms. It also comes with the backlog and manufacturing capacity necessary to grow the existing business”, said Martin Brassard, president & CEO of Héroux-Devtek.

“We would like to welcome the Alta Precision Inc. employees and its president Guillermo Alonso who will join the growing Héroux-Devtek team. Together, we are confident in our ability to add value to Alta Precision Inc.'s operations and meet growing demand for our world-class landing gear offering”, added Brassard.

“We are delighted to join Héroux-Devtek, a leading landing gear manufacturer for the global aerospace industry. With its growing customer base in North America and Europe, we will play a strong role in accelerating the growth of the corporation,” said Alonso, president of Alta Precision Inc.

Founded in 1980, Alta Precision Inc. is a privately owned company which operates a state-of-the-art 72,000 square foot facility located in Montreal, Que. The company has approximately $18 million in annual revenues and employs 110 highly skilled personnel. Alta Precision Inc. manufactures complex landing gear components and assemblies for large customers such as Embraer, Safran, Liebherr and the United States Air Force. Alta Precision's strong backlog is comprised mainly of commercial aircraft landing gear components for the new E-2 and Airbus A-220 programs and for the Boeing 787 and Airbus A-350, two recent and growing commercial platforms.

https://www.skiesmag.com/press-releases/heroux-devtek-announces-acquisition-of-quebec-based-alta-precision-inc/

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    April 24, 2022 | Local, Aerospace

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    May 13, 2020 | Local, Aerospace, Naval, Land, C4ISR, Security

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He added that the impact will also depend on where the facilities are located, as the Irving shipyard in Nova Scotia faced a three-week shutdown, opposed to the Seaspan shipyards in B.C., which has continued relatively normal operations. A spokesperson for the Department of National Defence told The Hill Times that progress is still being made “where possible” on current and future equipment for the Canadian Forces. “While our focus must be on responding to the COVID-19 pandemic, we remain committed to the National Shipbuilding Strategy and other defence projects under Strong, Secure, Engaged,” the spokesperson said in an email. “We continue to meet regularly with PSPC [Public Services and Procurement Canada] to address the delivery of ongoing and future major procurement projects, and to assess and address the impact of the pandemic on these projects. 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Mr. Perry said historically when the government has needed to slash spending, it has looked at the military. “When you are trying to fix a fiscal problem, inevitably national defence is part of the way governments have tended to try and fix that,” he said, adding that given the size of the defence budget, it is “virtually impossible” to address an economic situation without making some fiscal changes at the Department of National Defence. But he said that historical pattern may not continue as it's a different kind of fiscal problem for the government. “In a dynamic where you have real big impacts on consumer confidence and there's also, I think, fairly serious concerns about the availability of financing and liquidity in the civilian economy, potentially there's more of a room for DND and the Government of Canada writ large to be part of the economic solution here and not just part of the fiscal problem,” Mr. Perry said. Former naval officer Norman Jolin, who served in the Canadian Navy for 37 years and commanded the Halifax-class HMCS Montréal, said the last thing the government will want to do is cancel projects that it has already announced at the expense of Canadian workers. “The last thing [the government] would want to do in a world where we've lost so many jobs is to cause more people not to have jobs by cutting things,” he said. Mr. Jolin compared the National Shipbuilding Strategy to the construction of a trans-Canada railway in the 19th century. “This is jobs across Canada,” he said, adding that it is not just jobs at shipyards but throughout the supply chain including manufacturing jobs in southern Ontario. Mr. Jolin said with the procurements under the National Shipbuilding Strategy, the lengthy timeline will mitigate the pandemic's impact. For the Canadian Surface Combatant procurement, the first ship isn't projected to be completed until the mid-2020s and the final delivery date for the entire fleet is in the late 2040s. He said while there may be minor delays in the short term, it shouldn't have much impact on when the ships are delivered in the end. But he said there is still much unknown about how the pandemic has affected the procurement process. Charles Davies, a retired colonel in the Armed Forces who spent time as the senior director responsible for procurement and equipment management policy at the Department of National Defence, also said the long timeline on projects should reduce the impact of any delay. “In the inherently long gestation periods of the major programs, the net impact should be limited,” he said. Mr. Davies, a CDA Institute fellow, said now can be a time for the government to look to make key investments in capabilities that will be needed in the future to defend its borders while at the same time keeping the economy afloat. He said unlike in the mid-1990s during the budget cuts under then-prime minister Jean Chrétien, Canada is not in the geopolitical position to allow its defence budget to dissipate. “We're in a different world now,” he said, citing the “strategic environment” with more aggressive behaviour being seen from the Chinese and Russian governments. https://www.hilltimes.com/2020/05/13/hard-decisions-are-going-to-have-to-be-made-can-vital-defence-procurements-survive-in-a-post-pandemic-world/247826

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