M&A Deal Summary

AIT Acquires Nova-Tech Engineering

On December 22, 2016, AIT acquired engineering company Nova-Tech Engineering

Acquisition Highlights
  • This is AIT’s 1st transaction in the Engineering sector.
  • This is AIT’s 2nd transaction in the United States.
  • This is AIT’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2016-12-22
Target Nova-Tech Engineering
Sector Engineering
Buyer(s) AIT
Deal Type Add-on Acquisition

Target

Nova-Tech Engineering

Willmar, Minnesota, United States
website
Nova-Tech Engineering LLC is a designer and integrator of critical assembly automation, materials handling and friction stir welding equipment and tooling for the aerospace and space launch industries.

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Buyer(S) 1

Buyer

AIT

Plano, Texas, United States

website

Category Company
Sector Aerospace
DESCRIPTION

Advanced Integration Technology (AIT) is a provider of automation, factory integration and tooling dedicated to the global aerospace, defense and space launch industries.

DEAL STATS #
Overall 2 of 2
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 2 of 2
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-19 KUKA Systems North America

Sterling Heights, Michigan, United States

KUKA Systems North America LLC is a provider of flexible automation solutions and engineering to the aerospace industry.

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