Latécoère has inked a definitive agreement to acquire Bombardier’s electrical wiring interconnection system business in Querétaro, Mexico, for $50 million, the companies announced on Tuesday. The deal is expected to close in the first half, following customary approvals.

Under a separate long-term agreement, Latécoère will supply electrical wiring systems for all Bombardier Aviation platforms—including Globals, Challengers, and Learjets—from the existing Querétaro facility. Approximately 700 employees are dedicated to the manufacture of these wiring systems at the Querétaro plant, according to Bombardier. The annual turnover of the business is anticipated to be around $80 million, the companies said.

The sale will not affect the remainder of Bombardier’s operations at its Querétaro site, which will continue to produce major structures for Bombardier aircraft, such as the aft fuselage for the Global family, including the company’s flagship Global 7500. Bombardier said these aft fuselages are the most complex aircraft component that it manufactures in Mexico.