Case study Aernnova

The company

Aernnova designs, manufactures and supplies aerostructures and components including fuselage sections, tail assembly and wing structures to all major aircraft manufacturers, including Airbus, Boeing, Embraer and Bombardier.

Why we invested

  • Tier 1 and Tier 2 supplier to major aircraft manufacturers worldwide
  • Highly experienced management team
  • Multiple levers of value creation and potential for international expansion
  • Strategically positioned to become a global leader in its sector
Year of investment

2018

Sales (LTM to December 31, 2018)

€690.5m

Status

Current

Sector - Industrials

Building a better business

Aernnova has more than 30 years of experience in the design and manufacture of composite components that reduce the weight and increase the fuel efficiency of aircraft.

The business has consistently invested in innovation and supplies the fastest-growing aircraft platforms such as the A350 family, the B787 family and the A220, which is specifically designed to address the expanding market for narrow-body jets. Aernnova’s operational excellence has been recognized by numerous awards from its customers and the company is one of only three Airbus Accredited Members in the world.

With manufacturing and assembly facilities in Spain, the U.S., Mexico and Brazil, Aernnova has a strong commitment to environmental protection. Key environmental indicators, including consumption of energy and natural resources, CO2 footprint, waste and emissions are monitored in all plants and annual action plans are implemented to improve environmental performance. Energy efficiency audits have been carried out since 2010, long before this became a legal requirement in Spain in 2016.

TowerBrook is supporting Aernnova’s consolidation strategy by adding international expertise to its Board and pursuing opportunities for further expansion, especially in Asia and North America.

Aernnova’s objective is to become the preferred supplier of aerostructures to the world’s leading aircraft manufacturers.

Aernnova is an active participant in BIND 4.0, the Basque Country’s industry accelerator program that helps entrepreneurs to explore innovative technologies in fast-growing markets such as advanced manufacturing, information management and smart energy.