M&A Deal Summary

EDAC Technologies Acquires MTU Aero Engines North America - Manufacturing Assets

On May 18, 2009, EDAC Technologies acquired aerospace company MTU Aero Engines North America - Manufacturing Assets from MTU Aero Engines North America

Acquisition Highlights
  • This is EDAC Technologies’ 1st transaction in the Aerospace sector.
  • This is EDAC Technologies’ 1st transaction in the United States.
  • This is EDAC Technologies’ 1st transaction in Connecticut.

M&A Deal Summary

Date 2009-05-18
Target MTU Aero Engines North America - Manufacturing Assets
Sector Aerospace
Buyer(s) EDAC Technologies
Sellers(s) MTU Aero Engines North America
Deal Type Divestiture

Target

MTU Aero Engines North America - Manufacturing Assets

Rocky Hill, Connecticut, United States
MTU Aero Engines North America, Inc. - Manufacturing Assets includes manufacture of aerospace equipment.

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Buyer(S) 1

Buyer

EDAC Technologies

Farmington, Connecticut, United States

Category Company
Founded 1946
Sector Aerospace
Employees480
DESCRIPTION

EDAC Technologies is a diversified designer, manufacturer and servicer of precision components for aerospace and industrial applications. EDAC offers design and manufacturing services for commercial and military aircraft, in such areas as jet engine parts, special tooling, equipment, gauges and components used in the manufacture, assembly and inspection of jet engines.


DEAL STATS #
Overall 1 of 7
Sector (Aerospace) 1 of 3
Type (Divestiture) 1 of 3
State (Connecticut) 1 of 3
Country (United States) 1 of 7
Year (2009) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-07 Service Network

United States

Service Network, Inc. is a manufacturer and rebuilder of precision grinders.

Buy -

Seller(S) 1

SELLER

MTU Aero Engines North America

Rocky Hill, Connecticut, United States

Category Company
Founded 2000
Sector Aerospace
DESCRIPTION

MTU Aero Engines North America, Inc. is a manufacturer and maintenance services for civil and military aero engines and industrial gas turbines.


DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Divestiture) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1