Defence
Krauss-Maffei Wegmann on its acquisition of WFEL
Background
Steen Associates acted as sole financial adviser to Interturbine, a European market leader in aerospace logistics and material management services, on its sale to B/E Aerospace. B/E Aerospace is a Nasdaq-listed aerospace supplier headquartered in Wellington, Florida, and a global provider of products and services to the aviation industry.
About the transaction
The transaction was completed for a cash consideration of €200 million. The acquisition brings together two established global distributors of aerospace consumables, creating a stronger and more diversified platform with enhanced scale and geographic reach. The combination strengthens both businesses’ competitive positioning and expands their ability to serve airlines and MRO customers worldwide, particularly in highly time-critical operating environments.
About the client
Interturbine is recognised as a “one-stop source” for airlines and global maintenance, repair and overhaul (MRO) providers, offering comprehensive logistics and material management solutions. More than 60% of its revenues are generated from urgent Aircraft-on-Ground (AOG) situations, requiring rapid response times of between 4 and 24 hours. This operational capability has made Interturbine a trusted and mission-critical partner within the global aviation supply chain.
Date:
May 2012
Service:
Sell side
Size:
Undisclosed
Deal locations:
