M&A Deal Summary

Sumitomo Acquires Werner Aero

On December 24, 2024, Sumitomo acquired aerospace company Werner Aero

Acquisition Highlights
  • This is Sumitomo’s 3rd transaction in the Aerospace sector.
  • This is Sumitomo’s 14th transaction in the United States.
  • This is Sumitomo’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2024-12-24
Target Werner Aero
Sector Aerospace
Buyer(s) Sumitomo
Deal Type Add-on Acquisition

Target

Werner Aero

Mahwah, New Jersey, United States
Werner Aero specializes in procuring, dismantling, and selling retired aircraft and their components. Werner Aero was founded in 1993 and is based in Mahwah, New Jersey.

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Buyer(S) 1

Buyer

Sumitomo

Tokyo, Japan
Category Company
Founded 1919
Sector Distribution
Employees74,920
Revenue 5.50T JPY (2022)
DESCRIPTION

Sumitomo is a global network and based on trust from companies in various industries and from consumers, Sumitomo Corporation engages in multifaceted business activities by making the most of its Integrated Corporate Strength. These business activities include sales of a variety of products and services within Japan, import and export, trilateral trade, and domestic and international business investment. Sumitomo was founded in 1919 and is based in Tokyo, Japan.

DEAL STATS #
Overall 47 of 47
Sector (Aerospace) 3 of 3
Type (Add-on Acquisition) 25 of 25
State (New Jersey) 1 of 1
Country (United States) 14 of 14
Year (2024) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-13 REL

Manggar, Indonesia

REL offers pump rental with highly experienced operators, providing complete solutions tailored to the optimal specifications of each site, as well as operational and maintenance support. REL is based in Manggar, Indonesia.

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