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News

Stork Aerospace (Fokker Sevices) - Acquires Aerotron AirPower


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Stork Aerospace Industries (Fokker)
: 21 June, 2007  (New Product)
Fokker Services, part of Stork Aerospace, and the shareholders of US-based Aerotron AirPower 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.
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