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Aequs Aerospace, a global supplier in aerospace manufacturing, has acquired the operations of Paris, Texas-based T&K Machine. T&K Machine has over 45 years of experience in delivering parts on time to the global aerospace companies like Boeing, Spirit AeroSystems, Triumph Aerostructures, Vought Aircraft Division, and UTC Aerospace Systems to name a few.
This acquisition marks the first expansion of Aequs Aerospace's manufacturing presence in the United States, the company said in a statement.
However, financial details of the transaction were not revealed by the company.
"Aequs is committed to being an agile and reliable global supplier for our customers and, in line with this, we have become the first Indian aerospace manufacturer to expand into North America," said Aravind Melligeri, Chairman and CEO of Aequs.
In addition to 65 skilled machinists and technicians, the 27,000 sq ft facility houses 28 CNC machining centres complete with engineering, quality and assembly capabilities necessary to serve the global aerospace market.
Post-acquisition, T&K Machine, Inc will be renamed Aequs Aero Machine, Inc. Aequs Aero Machine's core competency lies in aerospace machining and assembly operations and will have an exit run rate of $10 million in the current financial year.
Aequs has been a key supplier to Airbus and its European Tier-1s. The integration of Aequs Aero Machine into the Aequs family provides Aequs the ability to seamlessly supply to Boeing and its Tier-1s from its global delivery platform, the company said in a statement.
