| 5th
of February 2007: (BBA Aviation Press Release)
BBA
Aviation acquires Commercial Aircraft Products
BBA Aviation today announces the
acquisition of Commercial Aircraft Products LLC (CAP) for an initial
payment of $5.7m with further payments of up to $3.3m,subject to
business performance over a 4-year period. CAP, based in Wichita
Kansas, specialises in the design and manufacture of Hydraulic System
Components, Electro Mechanical Positioning systems and Access Mechanisms
used on a wide range of Business Aviation aircraft and Light Jet
programmes. CAP's proprietary products are approved and used by
Cessna, Raytheon, Bombardier and Adams on both mature and embryonic
platforms.
The
CAP acquisition will be integrated into the US operations of BBA
Aviation's Landing Gear and Hydraulic systems company, APPH. The
business has a turnover of circa $5m and the acquisition is expected
to be earnings enhancing in the first year. Commenting on the transaction
Michael Harper, Executive Chairman of BBA Aviation said, "I am very
pleased to announce the acquisition of CAP. Alongside the recently
announced Eurocopter contract it is another important step in increasing
BBA Aviation's presence in the global aviation hydraulic systems
market. The acquisition further expands APPH's customer base and
increases our footprint in Wichita - a key business aviation location."
Back to News index page |
Commercial
Aircraft Products LLC (CAP) |