AAR CORP acquired Summa Technology, Inc. for Approximately $71.0 million (cash), a transaction completed in December 2007, structured as all cash. The deal was a Merger.
Summa Technology, Inc. operates in Structures and Systems, is based in Huntsville, Alabama, USA (with facilities in Cullman, Alabama and Lebanon, Kentucky). AAR acquired Summa Technology, Inc., a leading provider of high-end sub-systems and precision machining, fabrication, welding, engineering and test services to commercial and government customers. Founded in 1987 and headquartered in Huntsville, Alabama with additional facilities in Cullman, Alabama and Lebanon, Kentucky (over 420,000 square feet of manufacturing space), Summa became part of AAR's Structures and Systems segment.
Deepened AAR's precision manufacturing and complex sub-system capabilities serving both commercial and government customers.
Over 420,000 square feet of manufacturing space serving commercial and government customers. Structures and Systems segment
AAR CORP. (NYSE: AIR) announced today that it has signed a definitive merger agreement to acquire Summa Technology, Inc., a leading provider of high-end sub-systems and precision machining, fabrication, welding, engineering and test services to both commercial and government customers. Summa will operate as part of AAR's Structures and Systems segment.AAR CORP. press release, November 9, 2007
Advisory firms were not disclosed for this transaction.