Heroux-Devtek acquires British landing gear company APPH for $128 million - InfoNews

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Heroux-Devtek acquires British landing gear company APPH for $128 million

February 03, 2014 - 2:12 AM

MONTREAL - Canadian aerospace manufacturer Heroux-Devtek (TSX:HRX) has acquired the British landing-gear company APPH from BBA Aviation Plc of the United Kingdom for $128 million.

APPH specializes in the design, engineering and manufacturing of landing gear and hydraulic systems and assemblies for fixed and rotary wing civil and military aircraft.

Heroux-Devtek is acquiring four plants in the United Kingdom and one in Wichita, Kansas.

The plants have a combined workforce of about 400 employees.

The company says the acquisition will strengthen its global competitive position and status as a leading landing gear system provider for aircraft.

News from © The Canadian Press, 2014
The Canadian Press

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