B/E Aerospace Acquires Satair

The S&P 400 aerospace interiors products manufacturer B/E Aerospace has acquired the supplier of aerospace parts and service for the aerospace maintenance and production, Satair, based in Copenhagen, Denmark for USD162 million, in order to expand its business in Europe and Asia. B/E Aerospace expects to complete the deal before the end of Q4 this year. 

B/E Aerospace said, “The total amount of this deal is about 1.5 times of the revenue the company achieved in 2012 and 10 times of the earning before taxes, interest, depreciation, and amortization the company achieved in 2010.”   After the press release, B/E Aerospace’s stock price on 10/25 at Nasdaq was closed at USD33.49 per share.