Loar Holdings Inc. completed the acquisition of Applied Avionics, LLC (AAI) on August 26, 2024. This strategic move expands Loar's portfolio within the aerospace and defense industry.
The acquisition was valued at $383.5 million, representing a significant investment in highly engineered avionics interface solutions. AAI's specialized products align with Loar's focus on mission-critical components.
This acquisition is expected to contribute to Loar's growth strategy, enhancing its capabilities and market presence. It underscores the company's commitment to disciplined inorganic expansion.
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