Says Buyout "Reduces Our Cost And Time To Market" Of New Products

ANN has learned Aerosonic Corporation, supplier of aircraft instrumentation and avionics equipment, has acquired 100 percent of the outstanding stock of Oregon-based glass panel manufacturer Op Technologies.

"The addition of Op Technologies’ expertise and products to our company will allow us to compete on a larger scale across a wider number of aircraft models, and this transaction creates a path for meaningful revenue growth and reduces our cost and time to market for a family of products that addresses a significant component of our strategic plan," said Aerosonic Chairman, President and CEO David Baldini.

"We believe that this transaction will establish a new platform for future growth and will allow us to better serve our present and future customers."

Op Technologies currently produces a series of cockpit display solutions for experimental general aviation, including the Pegasus Integrated Avionics System.

As ANN reported in June, Op Technologies has also been developing similar products for FAA-certified aircraft, most notably for the Cirrus SR22.

Headquartered in Clearwater, FL, Aerosonic Corporation is principally engaged in the manufacture of aviation products. It did not disclose how much it paid for Op Technologies.

FMI: www.aerosonic.com