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BBA Aviation : Completion of the acquisition of part of GE Aviation’s avionics business

January 03, 2017 at 10:32 am EST

3 January 2017

BBA Aviation plc, the market-leading provider of global aviation support and aftermarket services, announces that it has completed its acquisition of a portfolio of legacy avionics from GE Aviation. The acquisition was announced on 8 November 2016.

The acquisition was made via Ontic, BBA Aviation's legacy support business. The acquisition price, as previously announced, is $61.5 million on a cash and debt free basis, paid from existing financial resources.

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BBA Aviation plc published this content on 03 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 03 January 2017 15:32:03 UTC.

Original documenthttp://www.bbaaviation.com/news/press-releases/2017/completion-of-the-acquisition-of-part-of-ge-aviation's-avionics-business.aspx

Public permalinkhttp://www.publicnow.com/view/A0DD6BBC39FB097F02FE5E3BBBC21D0866FE9C6F

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Company Profile

Signature Aviation plc, formerly known as BBA Aviation plc, is a United Kingdom-based provider of global aviation support services primarily focused on servicing the business and general Aviation (B&GA) market. The Company provides full-service support for B&GA travel including fueling, ground handling, hangarage, passenger and pilot services and amenities. The Company's business includes Signature, and Engine Repair and Overhaul (ERO). Signature is the fixed base operation (FBO) network for B&GA travelers and provides full-service flight support and non-fuel services, including technical support and aircraft management and charter, for passengers, crew and aircraft in the B&GA space. It provides fuel and fuel related services at FBOs across North America including fuel purchasing cards and transaction processing. Its ERO business provides independent engine service to global B&GA operators, the rotorcraft market and regional airline fleets.

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