BBA Aviation PLC Acquisition (2048T)
January 03 2017 - 5:55AM
UK Regulatory
TIDMBBA
RNS Number : 2048T
BBA Aviation PLC
03 January 2017
3 January 2017
Completion of the acquisition of part of GE Aviation's avionics
business
BBA Aviation plc, a market-leading provider of global aviation
support and aftermarket services, announces that it has completed
its acquisition of a portfolio of legacy avionics products 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.
For further information please contact:
BBA Aviation plc
+44 (0) 20 7514 3999
Mike Powell, Group Finance Director
Jemma Spalton, Head of Communications & Investor
Relations
Tulchan Communications
+44 (0) 20 7353 4200
David Allchurch / Doug Campbell
Information on BBA Aviation plc
BBA Aviation plc is a leading global aviation support and
aftermarket services provider with market leading businesses and
attractive growth opportunities. BBA Aviation's Flight Support
businesses (Signature Flight Support and ASIG) are focused on
refuelling and ground handling of business and commercial aviation
aircraft. Its Aftermarket Services businesses (Dallas Airmotive,
H+S Aviation, International Turbine Service, Barrett Turbine Engine
Company, International Governor Services and Ontic) are focused on
the repair and overhaul of jet engines and the service of aerospace
sub-systems and components. For more information, please visit
www.bbaaviation.com
This information is provided by RNS
The company news service from the London Stock Exchange
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January 03, 2017 06:55 ET (11:55 GMT)
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