B/E Aerospace to Acquire Aerospace Logistics Expert Interturbine

2012-07-02

B/E Aerospace, the world's leading manufacturer of aircraft cabin interior products and the world's leading distributor of aerospace fasteners and consumables, announced on June 25 that it has signed a definitive agreement to acquire Interturbine Aviation Logistics GmbH, Interturbine Logistics Solutions GmbH, and Interturbine Technologies GmbH (collectively Interturbine), a leading provider of material management logistical services to global airlines and maintenance, repair and overhaul (MRO) providers. The acquisition purchase price is approximately €200 million in cash. Interturbine is a "One Stop Source," reducing aircraft downtime for airlines and MRO's. Over 60 percent of Interturbine's business is generated on an urgent Aircraft-on-Ground (AOG) basis, requiring response within 4 to 24 hours.