5th Feb 2007 10:00
BBA Aviation PLC05 February 2007 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 ofHydraulic System Components, Electro Mechanical Positioning systems and AccessMechanisms used on a wide range of Business Aviation aircraft and Light Jetprogrammes. 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'sLanding Gear and Hydraulic systems company, APPH. The business has a turnover ofcirca $5m and the acquisition is expected to be earnings enhancing in the firstyear. Commenting on the transaction Michael Harper, Executive Chairman of BBA Aviationsaid, "I am very pleased to announce the acquisition of CAP. Alongside the recentlyannounced Eurocopter contract it is another important step in increasing BBAAviation's presence in the global aviation hydraulic systems market. Theacquisition further expands APPH's customer base and increases our footprint inWichita - a key business aviation location." Enquiries: BBA Aviation plcMichael Harper - Executive ChairmanAndrew Wood - Finance Director020 7514 3999 Brunswick Group LLPLucie Anne Brailsford / Jemma Hill020 7404 5959 Notes to Editors BBA Aviation BBA Aviation is a world leader in aviation services focusing on Aviation FlightSupport and Aftermarket Services and Systems. BBA Aviation provides flightsupport services for corporate and commercial aviation customers as well asmaintenance, repair, overhaul and spare parts for aircraft engines. It alsosupplies aviation components, landing gear and hydraulic systems. These areattractive niches in a $250 billion market with clear barriers to entry, whereBBA has leading positions, well-known and reputable brands and a proven trackrecord of organic and acquisition-led growth. BBA Aviation was formerly part of BBA Group, but following the demerger ofFiberweb, in November 2006 it became a stand-alone aviation services business. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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