AAR Acquires Cargo Loading System Assets From German Co.

Law360, New York (December 2, 2013, 4:55 PM EST) -- 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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.