AAR Acquires HAECO Americas To Expand Heavy Maintenance Operations
AAR CORP. (NYSE: AIR), a leading aviation services provider for commercial and government operators, has announced the acquisition of HAECO Americas from HAECO Group for $78 million in an all-cash transaction, subject to customary adjustments. This acquisition immediately strengthens AAR’s heavy maintenance footprint and advances its strategic goal of expanding the Repair & Engineering segment, one of the company’s four operating divisions.