Sao Paulo, Brazil, 31 Jan – The defence and security arm of Brazilian aircraft manufacturer Embraer, Embraer Defesa e Segurança has taken total control of Airholding’s stake in Portuguese aeronautical company OGMA – Indústria Aeronaútica de Portugal, the Brazilian company said in a statement issued Monday in Sao Paulo.
Embraer Defesa e Segurança acquired a 30 percent stake in the Airholding group from the European Aeronautic Defense and Space Company (EADS), a consortium set up in Portugal in 2005 specifically to take a 65 percent stake in OGMA.
The remaining 35 percent of the company remains in the hands of the Portuguese state via state defence company Empresa Portuguesa de Defesa (Empordef).
Luiz Carlos Aguiar, the chairman of Embraer Defesa e Segurança, said that the additional investment in Portugal aimed to boost the strategic partnership between Brazil and the European Union.
OGMA – Indústria Aeronáutica de Portugal provides maintenance and repair services for military and civilian aircraft, engines and components, as well as manufacturing and assembling aeronautical structures.
Embraer Defesa e Segurança is a global company based in Brazil that provides defence systems and integrated solutions for the civil and military markets and is present in 48 countries. (macauhub)