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26-03-2007 Fokker Services, a company of the Netherlands based Stork Aerospace, has completed the acquisition of Aerotron AirPower (LaGrange, Georgia USA), which was announced on 16 March 2007. This 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. The parties did not reveal the financial details of the transaction.
Aerotron AirPower Inc. (http://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.
RC Cannady, founder of Aerotron AirPower Inc. commented: "Stork is a highly respected member of the global aviation services community. I am pleased Aerorton is now a part of a much larger and stronger enterprise which will be good for all of our employees and customers alike. I will be retiring now and I am very pleased that both my sons, Ron and Michael, have elected to stay with the company and will continue in their leadership roles at Aerotron and now as members of the Fokker Services team". Hans Berends van Loenen, President of Fokker Services commented: "We are most pleased with the acquisition of Aerotron AirPower Inc. The Cannady family and the entire Aerotron team have built a terrific company and we are pleased that they have elected to join forces with us. This addition 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)6 519 840 54
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