Wendel: Scalian acquires Mannarino in Canada

(CercleFinance.com) - Wendel announces that Scalian has acquired Mannarino Systems & Software, a Canadian engineering company specializing in advanced R&D technologies for aviation, with expertise in safety-critical embedded systems and software.


With projected sales for 2024 of around C$32m and a team of around 130 people, this accretive acquisition will enable Scalian to strengthen its expertise in eVTOLs and its presence in North America.

This acquisition will be financed by a drawdown of Scalian's committed credit facilities and an equity contribution from shareholders, with a E43.7m capital injection by Wendel into Scalian.


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