December 5, 2011
AAR completes acquisition of Telair International and Nordisk Aviation
AAR CORP. has completed the acquisition of Telair International GmbH (Telair) and Nordisk Aviation Products, AS (Nordisk) from Teleflex Incorporated, which the Company announced on October 21, 2011. “This acquisition significantly adds to AAR’s commercial manufacturing business and elevates our position as a tier-1 provider to the global aerospace market,” said David P. Storch , Chairman and Chief Executive Officer of AAR CORP. “We will work closely with the teams at Telair and Nordisk to ensure a smooth transition as we support our expanding customer base and capitalize on new commercial aircraft build cycles.”
The businesses will operate as part of AAR’s Structures and Systems segment. The combination of Telair and AAR Cargo Systems creates a formidable market leader in the design, production and servicing of aircraft cargo systems for both commercial and military platforms.