AAR Acquires Cargo Loading System Assets From German Co.

Law360, New York (December 02, 2013, 4:55 PM ET) -- Aerospace and defense contractor AAR Corp. on Monday said its subsidiary Telair International GmbH has inked a deal to buy the cargo loading system assets of German aircraft component maker PFW Aerospace GmbH.

AAR said the deal will be funded through available cash-on-hand and is expected to close by the end off this year. After the completion of a transaction period after closing, Telair will move the PFW assets for operation in its Miesbach, Germany facility.

“The acquisition will enhance Telair's market position as one of...
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