Bombardier Acquires Mitsubishi Heavy Industries' Canadian Aerospace Assets, Adding Approximately 750 Employees

en.Wedoany.com Reported - Bombardier announced on Tuesday (1st) that it has reached an agreement to acquire the assets of Mitsubishi Heavy Industries Canada Aerospace (MHICA) in Mississauga, Ontario, Canada. The transaction encompasses aerospace structural manufacturing capabilities and will bring approximately 750 employees into the Bombardier organization.

The transaction remains subject to regulatory approvals and customary closing conditions, with both companies expecting to complete the deal by the end of 2026. The transaction value was not disclosed.

Bombardier stated that the acquisition aims to expand its in-house manufacturing capabilities for aircraft structural components, reduce reliance on external suppliers, and enhance supply chain resilience. The company also noted that the deal will provide greater autonomy and flexibility to meet the growing demands of its aircraft programs.

David Murray, Executive Vice President of Manufacturing, Supply Chain Execution, and Operational Excellence at Bombardier, said the agreement is a significant step in Bombardier's long-term growth strategy, helping to strengthen key capabilities, improve operational resilience, and support the company's agility in responding to increasing customer demand.

MHICA operates an integrated aerospace structural component manufacturing business with a specialized team that will be integrated into Bombardier upon completion of the transaction. Mitsubishi Heavy Industries will collaborate with Bombardier during the transition period to ensure business continuity and avoid any impact on aircraft programs. Mitsubishi Heavy Industries will also provide support during the post-closing transition period to facilitate the transfer of operations and the continued work and operations of Mississauga employees.

For Bombardier, the acquisition also presents opportunities to expand local workforce training and development in areas such as component manufacturing and final assembly.

The transaction is part of Bombardier's investment in strategic capabilities for its aircraft programs. Sandra Hodgkinson, Senior Vice President of Strategy and Mergers & Acquisitions at Bombardier, stated that the acquisition strengthens the company's industrial footprint, reinforces its supply chain, and enhances its responsiveness to market demand for jet aircraft.

The acquisition expands Bombardier's presence in the Canadian aerospace sector. With the integration of MHICA's operations, Bombardier solidifies its position as one of Canada's leading employers in aerospace and defense. Mitsubishi Heavy Industries stated that it will continue its operations in commercial aviation and defense, maintaining a significant presence in Canada through its other businesses.

The financial terms and other commercial conditions of the transaction remain confidential.