AirBorn Inc. Acquires AESCO Electronics
Expansion adds value, capabilities and employees to Texas-based AirBorn
Jan 12, 2012, 01:00 ET
GEORGETOWN, Texas, Jan. 12, 2012 /PRNewswire/ -- AirBorn Inc., a Texas-based manufacturer of electronic components and provider of value-added solutions for multiple industries, today announced the acquisition of AESCO Electronics, a full-service electronics manufacturer and distributor with divisions in Ohio and Massachusetts.
AirBorn, a leading manufacturer of electronic components for the aerospace, avionics, defense, energy, medical and automotive industries, is acquiring AESCO in a strategic move toward growth, diversification and increased offerings and capabilities.
With the acquisition, AirBorn is forming a new division to be called AirBorn Electronics, Inc., headed by AESCO president, Roger Engle. The new division will focus on providing value-added products and services to high reliability commercial markets such as medical, instrumentation and industrial controls. Terms of the deal were not disclosed.
AirBorn believes its current customers will be very excited about AirBorn gaining higher levels of contract manufacturing, design and distribution capabilities.
"AESCO is an outstanding company with a long history of providing high quality design and manufacturing services to its customer base," said Cindy Lewis, CEO of AirBorn. "At a time when U.S. defense budgets are projected to continue declining over the next decade, this acquisition will complement our current business, build new opportunities and significantly advance our vision of providing value added solutions to our customers."
By adding 300 employees from AESCO, AirBorn will increase its employee base by 30% to approximately 1400 employees. The acquisition of AESCO also increases AirBorn's bottom line. Combined sales for AirBorn are approximately $160 million.
"With AirBorn's strong position and history in defense markets, we see an acceleration of our long-term market growth plans. We are very much looking forward to becoming an important part of the AirBorn team," said Roger Engle, president of AESCO.
About AirBorn Inc.
AirBorn is an ISO-certified and AS9100-certified global electronic interconnect manufacturer and provider of value-added solutions, and is focused on serving customers requiring high reliability and innovative solutions. AirBorn was founded in 1958 as a manufacturer of electronic connectors for the military and aerospace markets. The company's current offerings include connectors, cable assemblies, flexible circuit assemblies, custom power supplies and other value added solutions for aerospace, avionics, defense, energy, medical, and automotive industries. AirBorn is 100% employee owned, and is headquartered in Georgetown, Texas. It has manufacturing sites in Georgetown, Winnsboro and Addison, Texas; Little Falls, Minnesota; Phoenix, Arizona; Lake City, Pennsylvania; Toronto, Canada; and Tonbridge, United Kingdom. For more information, visit http://bit.ly/airbornwebsite.
About AESCO Electronics
AESCO Electronics is a full-service, ISO 13485-certified, and AS9100-certified, electronic contract manufacturer and electronic distributor operating in Akron, Ohio and Taunton, Massachusetts. It serves a diverse group of customers including electronic manufacturers of medical instrumentation, military electronics, semiconductor instruments, industrial controls, and commercial products. The company was originally founded in 1949. For more information, visit http://bit.ly/aescowebsite.
SOURCE AirBorn Inc.
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