Squire Patton Boggs has advised Do iT, a Toulouse-based specialist in electrical interconnection systems (EWIS) for the aerospace industry, and its shareholders in connection with (i) an investment by independent investment company Initiative & Finance and (ii) the concurrent acquisition of PMV Engineering (PMVE), an expert in aircraft modification engineering. The acquisition will create a leader in original equipment and aftermarket services to the aerospace industry.
The Squire Patton Boggs team advising Do iT and its shareholders was led by Corporate partner Arnaud Lafarge, assisted by associates Kevin Cosmao and Elise Crouzil.
Founded in 2020, Do iT is a fast-growing company with 200 employees in France and Canada. This acquisition is a major step in Do iT’s development strategy, with PMVE’s ability to offer complex aircraft modification solutions in avionics, cabin interiors, passenger entertainment systems, environmental control systems, exterior decoration and cargo conversions. PMVE works with renowned customers including aircraft manufacturers, leasing companies, airlines, equipment manufacturers and maintenance centres.