Next step in expanding position in US aerospace services market
Fokker Services, part of Stork Aerospace, and the shareholders of US-based Aerotron AirPower today signed an agreement for the acquisition by Stork of 100% of the shares in Aerotron AirPower. This intended acquisition is part of Fokker Services strategy to expand it's postion in the growing US aerospace services market and follows the acquisition of AIRINC last year. Aerotron AirPower (LaGrange, Georgia USA) is specialized in the Maintenance, Repair and Overhaul (MRO) of aircraft components for aircraft operators worldwide. Sales in 2007 are expected to be approximately US$ 30 million. The intended acquisition provides Fokker Services a platform for further growth and is part of the strategy to expand it's postion in the growing US aerospace services market. It follows the acquisition of AIRINC in 2006. The process is expected to be completed in the first quarter of 2007. The parties did not reveal the financial details of the transaction.
Aerotron AirPower Inc (www.aerotron.com, 95 employees) specializes in the maintenance, repair and overhaul of complex pneumatic, hydraulic, fuel, and electro-mechanical components installed on a wide variety of aircraft including Airbus, Boeing, Bombardier and Embraer. This intended acquisition enables Fokker Services to further expand its capabilities and customer base in the US market in order to deliver its ABACUS Logistic Program on non-Fokker aircraft. The ABACUS program ensures the availability of components through supply chain provisioning and repair management of unserviceable critical airframe and engine components. Stork Aerospace develops and produces advanced components and systems for the aviation and aerospace industry, and supplies integrated services and products to aircraft owners and operators. The group achieved a turnover of ¤ 549 million in 2006 with 3.532 employees out of the total Stork turnover of ¤ 2 billion.
Press information: Stork N.V. Dick Kors Tel.: +31 (0) 35 - 695 75 75 or +31 (0) 6 - 51 98 40 54