Chicago-headquartered AAR CORP. (AAR) has announced its acquisition of Trax Corp. (trax), a leading independent provider of aircraft MRO and fleet management software to accelerate its digital solutions strategy. AAR is a global aerospace and defence aftermarket solutions company with operations in over 20 countries. It supports commercial and government customers through two operating segments: Aviation Services and Expeditionary Services.
Miami-headquartered Trax provides critical software applications to a wide global customer base of airlines, MROs, and government aircraft operators supporting approximately 5,000 aircraft. Trax's solutions support the whole range of maintenance activities and create the system of record required by MROs, airlines, as well as government aircraft operators.
Trax's eMRO product is a web-based enterprise MRO software solution used to manage aircraft maintenance and fleet management, including materials planning and purchasing, engineering, scheduling, regulatory compliance, work orders, and personnel. Its eMobility products offer up a suite of mobile applications, including task cards, digital manuals, electronic logbooks, fleet status, and warehouse management.
The Trax acquisition will speed up AAR's strategy to offer digital solutions focused on its core aviation aftermarket customers. Trax adds established, higher-margin aviation aftermarket software offerings with recurring revenue to AAR's portfolio, and its complementary customer base provides opportunities to cross-sell products and services.
“We believe we can support Trax's continued growth by investing in its platforms and by leveraging our global relationships to help Trax reach additional customers. We also believe that over time this combination will allow more customers to better access AAR's parts and services offerings as Trax is the materials management system used by thousands of buyers and planners at airlines around the world,” said John M. Holmes, AAR's Chairman, President, and CEO.
“Trax has led the industry in developing next generation maintenance ERP systems for over 20 years. By combining two leading independent aftermarket services providers, we create a compelling and unique offering to support the global aviation industry. We are excited to partner with AAR to further accelerate Trax's growth and development,” said Jose Almeida, Trax's CEO.
