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B/E Aerospace to Acquire Aerospace Logistics
Expert Interturbine |
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June 29, 2012 - B/E Aerospace, manufacturer of
aircraft cabin interior products, announced 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.
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.
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Interturbine provides more than 500,000 part
numbers from approximately 3,000 suppliers for
its customers. Interturbine’s product range
includes chemicals, lubricants, hydraulic
fluids, adhesives, coatings, and composites.
Interturbine also supplies fasteners, cables and
wires, electronic components, electrical and
electromechanical materials, tools, hot bonding
equipment and ground equipment to its primary
customer base of airlines and MRO providers
globally. “The
acquisition of Interturbine doubles our
consumables product portfolio, and more
importantly, positions our Company to offer a
comprehensive range of products and services on
a single-source basis to our customers globally.
This acquisition supports our commitment to
provide the best and broadest portfolio of
aerospace consumables and logistics services to
our customers,” said Amin J. Khoury, Chairman
and Chief Executive Officer of B/E Aerospace.
“Our future revenue growth
will be fueled by key positions on critical
customer platforms, our ability to respond to
customer demand for same day service, and our
ability to respond to aerospace customer trends
toward outsourcing more and more key elements of
the supply chain through enhanced product
offerability and complex logistic solutions.”
Mr. Burckhard Schneider,
President and Chief Executive Officer of
Interturbine, added, “We are delighted to be
working with B/E Aerospace and believe this
partnership will move Interturbine into an
exciting further stage of its development.”
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