BBA Aviation PLC Acquisition (2048T)

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RNS Number : 2048T

BBA Aviation PLC

03 January 2017

3 January 2017

Completion of the acquisition of part of GE Aviation's avionics business

BBA Aviation plc, a market-leading provider of global aviation support and aftermarket services, announces that it has completed its acquisition of a portfolio of legacy avionics products from GE Aviation. The acquisition was announced on 8 November 2016.

The acquisition was made via Ontic, BBA Aviation's legacy support business. The acquisition price, as previously announced, is $61.5 million on a cash and debt free basis, paid from existing financial resources.

For further information please contact:

BBA Aviation plc

[phone]

Mike Powell, Group Finance Director

Jemma Spalton, Head of Communications & Investor Relations

Tulchan Communications

[phone]

David Allchurch / Doug Campbell

Information on BBA Aviation plc

BBA Aviation plc is a leading global aviation support and aftermarket services provider with market leading businesses and attractive growth opportunities. BBA Aviation's Flight Support businesses (Signature Flight Support and ASIG) are focused on refuelling and ground handling of business and commercial aviation aircraft. Its Aftermarket Services businesses (Dallas Airmotive, H+S Aviation, International Turbine Service, Barrett Turbine Engine Company, International Governor Services and Ontic) are focused on the repair and overhaul of jet engines and the service of aerospace sub-systems and components. For more information, please visit www.bbaaviation.com

This information is provided by RNS

The company news service from the London Stock Exchange

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January 03, 2017 06:55 ET (11:55 GMT)