Ontic acquires part of GE Aviation’s avionics business

Ontic, a BBA Aviation company and an aerospace industry’s leading provider of ‘Extended Life Solutions’ for OEM legacy products, has reached an agreement to acquire a portfolio of legacy avionics products (the “Business”) from GE Aviation.
The Business incorporates a portfolio of legacy avionics parts servicing the military and commercial aviation markets, including electro mechanical, barometric, gyroscopes and electronics products. Key platforms include Boeing 737, Sikorsky Sea King and Leonardo AW101 helicopters, Lockheed C130/J transports and BAE Hawk aircraft. The portfolio has a strong fit with Ontic’s existing business, and the acquisition is aligned to Ontic’s strategy to deliver continued profitable growth in mature avionics and electronics products with high intellectual property content. With significant experience of acquisitions including a similar business bought from GE Aviation in 2011, Ontic has proven processes to ensure the seamless integration of new product lines, which will be supported in this case by a transitional services agreement with GE Aviation. The transaction is expected to complete early in the New Year, subject to the satisfaction of certain conditions.