M&A Transactions
AAR Corp. (NYSE: AIR) has acquired Aerostrat Corp., a provider of long-range maintenance planning software for commercial aerospace markets. The transaction is valued up to $20 million.
Advent International, L.P. has agreed to acquire the Aerospace and Defense Business of Coherent Corp. (NYSE: COHR), a provider of optical and laser systems and components that support tactical deployments within defense markets. The transaction is valued at $400 million.
Composites Technology Research Malaysia, a subsidiary of DRB-HICOM Sdn. Bhd., has agreed to acquire the Malaysia-based operations of Spirit Aerosystems, Inc. (NYSE: SPR), a provider of aerostructures assembly and services supplying a variety of Airbus and Boeing programs. The transaction is valued at $95 million.
Signia Aerospace, a portfolio company of Arcline Investment Management, L.P., has acquired Precise Flight, Inc., a provider of advanced aircraft lighting, oxygen delivery systems, and safety technologies for commercial aerospace and defense markets. Terms of the transaction were not disclosed.
V2X, Inc. (NYSE: VVX) has agreed to acquire the US Federal IT Services business of QinetiQ Group plc, a provider of data engineering, intel mission support, and cyber solutions for the U.S. federal government and the Intelligence Community. The transaction was valued at $31 million.
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