Magnaghi Aeronautica S.p.A. acquired CFN Precision and Tecnickrome Aeronautique from Sumitomo Precision Products Co., Ltd. on October 4, 2023. The acquisition, which marks the entry of the MAGROUP into the Canada aerospace market, is the latest milestone in the evolution of the Company that has its headquarters in Italy. Roberto Cappelli and Stefania Lo Curto of Studio Legale Cappelli RCCD acted as legal advisor to Magnaghi Group and Stikeman Elliott. advised Studio Legale Cappelli RCCD Gowling WLG (Canada) LLP acted as legal advisor to Sumitomo Precision Products Co., Ltd.

Magnaghi Aeronautica S.p.A. completed the acquisition of CFN Precision and Tecnickrome Aeronautique from Sumitomo Precision Products Co., Ltd. on October 4, 2023.