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October 2015

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Honeywell has acquired privately held Aviaso, an international aviation software company that offers fuel efficiency and emissions savings software to the airline industry. Terms of the deal are not being disclosed. The company’s products and services will strengthen Honeywell’s comprehensive services offerings, taking advantage of existing connectivity, maintenance and flight plan operations businesses.

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Majority ownership of VAS Aero Services has been acquired by America Aero Group from HIG Capital. In conjunction with the majority ownership, America Aero Group completed a financial restructuring of VAS and has reserved $250 million in capital investment to be dedicated to acquiring new assets and business expansion.

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ST Aerospace Systems has acquired the remaining 50% stake in Singapore Precision Repair and Overhaul Pte (S-PRO), from Messier-Bugatti-Dowty, for a cash consideration of $8.15 million. Following the acquisition, S-PRO, which specialises in the repair and overhaul of aircraft landing gear systems and components, will become a wholly-owned subsidiary of ST Aerospace Systems, which in turn is a wholly-owned subsidiary of Singapore Technologies Aerospace. The purchase consideration was agreed after negotiations between the parties that took into consideration S-PRO’s past performance, its current profitability and its future growth prospects. The acquisition is the result of the shareholders’ ongoing review of the business strategy and focus for S-PRO. The acquisition aligns with ST Aerospace’s strategy to develop its Singapore base as the centre of excellence for landing gear MRO. S-PRO has concurrently signed an agreement with Messier-Bugatti-Dowty to remain as an authorised service centre for the latter’s landing gears installed on turboprops, helicopters and regional jets, as well as wheels, brakes and hydraulic components installed on various aircraft types.

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