Finaero acquires French train interiors specialist SMTC

Finaero acquired SMTC, the French train interiors specialist. The objective is to maximize synergies between SMTC and Finaero both in terms of accompanying developments in the rail industry worldwide as well as on know-how and expertise in the aviation industry. SMTC benefited from a €23m turnover in 2016 and counts 150 employees on its site in Boufféré (Vendée, France). SMTC will as a result join AIP, the interiors branch of Finaero, specialized in the aviation industry and dedicated to manufacturing tailor-made and small series aircraft interiors. This new acquisition will further extend the group’s service-offering as well as significantly reinforce the branch’s production capacities to better serve the aircraft interiors market.