M&A
UMI AERO GROUP
Acquired by
INESPASA
SPAIN Aerospace, Naval & Defense REV [1m EUR - 100m EUR] 06/2025
UMI AERO GROUP acquired by INESPASA
SPAIN Aerospace, Naval & Defense REV [1m EUR - 100m EUR] 06/2025
Target
UMI AERO GROUP
Acquirer
INESPASA
Context
Inespasa has acquired the remaining 50% stake in UMI Aero Group from its long-term partner Mecanizados Eulogio Peña (Meupe), becoming the sole owner of the consortium. This strategic transaction responds to the aerospace industry's current drive toward supplier consolidation, specifically encouraged by Airbus to simplify its portfolio of subcontractors. The acquisition marks a shift from organic growth to an inorganic expansion strategy, partly driven by the complex financing landscape currently affecting the aerospace sector. The strategic rationale focuses on integrating UMI’s turnkey structural solutions and extensive project management expertise fully into Inespasa’s operations. This consolidation allows the combined entity to scale its workforce to 300 employees and optimize its production capacity across three centers in Seville. The merger positions the group to better serve major multi-year contracts for the Airbus A220, A330 Cargo, and Boeing 787 programs, as well as high-end business jet structures for Dassault. By controlling 100% of UMI, Inespasa simplifies its governance and strengthens its balance sheet to compete for larger, more complex aerostructure work packages on a European level.
Target
UMI Aero Group is a specialized aerospace consortium established in 2006 to provide turnkey solutions for metallic structures and assemblies. The organization manages the complete product lifecycle, from initial engineering and production engineering to machining, assembly, surface treatments, and after-sales service. Operating as a critical Tier-2 supplier for major platforms such as the Airbus A400M, C295, Eurofighter, and Saab Gripen, the group also provides logistics and integrated quality management. Its infrastructure includes specialized centers in the Aerópolis aerospace technology park in Seville. The business model is centered on high-precision aerospace manufacturing and supply chain integration, holding essential international certifications including ISO and NADCAP required by global OEMs like Boeing and Bombardier.
Ent. Value
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Equity Value
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Multiples Analysis
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Year
Rev
EBITDA
EBIT
2025
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2024
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