Satair completed its $30m purchase of US-based aviation battery distributor Aero Quality Sales from the TransDigm Group. TransDigm had acquired the company via its acquisition of McKechnie Aerospace.
”AQS is an excellent match for Satair's business model, and it adds yet another dimension to our product portfolio," Satair CEO John Stær said. "We expect Satair to be able to benefit from its strong market position by accelerating sales and achieving cost synergies. The acquisition will help Satair solidify its growth ambitions, also within value added services."
The deal is expected to increase Satair sales by $6m; TransDigm said it expects the transaction to have a "minimal effect" on its FY11 operating results.