Ontic’s Acquisition of Part of GE Aviation’s Avionics Business
Ontic, a BBA Aviation company and the aerospace industry’s leading provider of ‘Extended Life Solutions’ for OEM legacy products, has reached an agreement to acquire a portfolio of legacy avionics products (the “Business”) from GE Aviation.
The Business incorporates a portfolio of legacy avionics parts servicing the military and commercial aviation markets, including electro mechanical, barometric, gyroscopes and electronics products. Key platforms include Boeing 737, Sikorsky Sea King and Leonardo AW101 helicopters, Lockheed C130/J transports and BAE Hawk aircraft. The portfolio has a strong fit with Ontic’s existing business, and the acquisition is aligned to Ontic’s strategy to deliver continued profitable growth in mature avionics and electronics products with high intellectual property content. With significant experience of acquisitions including a similar business bought from GE Aviation in 2011, Ontic has proven processes to ensure the seamless integration of new product lines, which will be supported in this case by a transitional services agreement with GE Aviation.
The transaction is expected to complete early in the New Year, subject to the satisfaction of certain conditions.
“We are extremely pleased with today’s acquisition of the GE Aviation’s legacy avionics parts” Gareth Hall, Ontic President and Managing Director said. “Ontic has been leading the way in supporting the maturing aerospace platforms and this acquisition allows us to expand and to provide sustenance in legacy avionics products to these platforms.”
Ontic is a wholly owned subsidiary of BBA Aviation plc, with over 42 years of aerospace product manufacturing and aftermarket support experience. Ontic provides FAA, CAAS, CAAC, TCCA, DCA, EASA Part 21 and 145 OEM support, including new and serviceable spares and repairs for over 4,500 maturing aircraft parts. Its portfolio of products, licensed or acquired from major OEMs such as Honeywell, UTC Aerospace, Safran, Thales and GE Aviation, span all major aircraft systems in both civil and military markets. For more information, please visit www.ontic.com.
BBA Aviation plc is a leading global aviation services and aftermarket support provider. BBA Aviation’s Aftermarket Services businesses (Dallas Airmotive, H+S Aviation, International Turbine Service, W. H. Barrett Turbine Engine Company, International Governor Services and Ontic) are focused on the repair and overhaul of gas turbine engines and the manufacture and service of aerospace components, sub-systems and systems. BBA Aviation’s Flight Support businesses (Signature Flight Support and ASIG) provide specialist on-airport support services, including refueling and ground handling, to the owners and operators of private, business, military and commercial aircraft. BBA Aviation group companies operate from more than 300 individual locations on five continents. For more information, please visit www.bbaaviation.com.