The engineering and technology group SENER has announced the acquisition of the TRYO Aerospace & Electronics group which, up to now, belonged to the private equity fund Alantra and private minority investors.
This purchase brings to an end the formal sale process initiated by Alantra in 2017 through the investment bank M&A Houlihan Lokey, which offered its consultancy in the operation.
By doing so, the aerospace activity of the SENER group now brings on board the entire TRYO Aerospace & Electronics group which is the parent company of TRYO Aerospace Flight Segment and RYMSA RF – that, in turn, owns 99.8 per cent shares of the company Radiación y Microondas México, SA de CV and 20 per cent shares of the American company Mega Industries LLC. In accordance with its 2017-2019 Strategic Plan, this first investment has enabled SENER to strengthen its technology, engineering and production capabilities in the aerospace sector with a clear commitment to growth.
To make such a decision, SENER has taken into account the complementary aspect that the capabilities of TRYO contribute, both in terms of technology and markets. In fact, professionals from both groups have worked in unison on scientific space programmes of the likes of BepiColombo and Solar Orbiter. Another added factor is the synchronism of both groups in their notable commitment to innovation, with similar figures for investment in R&D, nearing 10 per cent of turnover.
This purchase enables SENER to strengthen its position as a first-rate international supplier of electro-mechanics systems and components, navigation systems and communications systems for the space and defence sectors.