Police Aviation News April 2011

Police Aviation News April 2011 17
presence in the Latin American marketplace.
EC has been present in Mexico for some 30 years, with its activities managed by the company’s
Eurocopter de Mexico S.A. de C.V. subsidiary. Based at Mexico City International
Airport and staffed by nearly 200 employees, Eurocopter de Mexico provides services for
helicopters located in the region, along with sales and marketing support. In addition to its
Mexican market responsibilities, the company’s coverage area also includes Central America,
northern South America and the Caribbean.
The capabilities of Eurocopter de Mexico include aircraft assembly, maintenance and painting,
along with professional training for helicopter pilots and technicians through partnership
agreements with educational institutions.
The activities in Mexico were in themselves groundbreaking but by far the biggest coup of
the month was the announcement late in March that EADS/Eurocopter was purchasing
Vector Aerospace Corporation.
Eurocopter Holding, a subsidiary of EADS and Vector Aerospace Corporation, a Canadian
company with its own worldwide connections, have entered into a Support Agreement pursuant
to which Eurocopter Holding will acquire all of the issued and outstanding common
shares of Vector Aerospace by way of a take-over bid for consideration of C$13 in cash per
Common Share. The Offer values Vector Aerospace equity at approximately C$625 million.
The Board of Directors of Vector Aerospace has unanimously approved the Offer and has
determined that it is in the best interests of Vector Aerospace.
Vector Aerospace, a leading provider of multi-platform helicopter maintenance, repair and
overhaul (MRO) services and of rotary and fixed-wing aircraft engine repair & overhaul, will
become Eurocopter Holding’s independent multi-platform MRO services provider. Vector
Aerospace, which employs some 2,500 persons, is principally located in Canada and the
United Kingdom, and enjoys an important presence in the United States and South Africa.
The acquisition of Vector Aerospace constitutes a major gain for EADS and will greatly enhance
their presence in North America but also presents some wry aspects in the British