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AAR CORP Acquire Nordisk Aviation Products

AAR Expands Into New-Build Market With Telair, Nordisk Acquisitions.

AAR CORP. Completes the Acquisition of Telair® International and Nordisk Aviation.
Acquisition Creates Industry-Leading Provider of Commercial and Military Cargo Systems

WOOD DALE, ILLINOIS (December 2, 2011) — AAR CORP. (NYSE: AIR) announced today that it has completed the acquisition of Telair International GmbH (Telair) and Nordisk Aviation Products, AS (Nordisk) from Teleflex Incorporated (NYSE: TFX), which the Company announced on October 21, 2011.

“This acquisition significantly adds to AAR’s commercial manufacturing business and elevates our position as a tier-1 provider to the global aerospace market,” said David P. Storch, Chairman and Chief Executive Officer of AAR CORP. “We will work closely with the teams at Telair and Nordisk to ensure a smooth transition as we support our expanding customer base and capitalize on new commercial aircraft build cycles.”

The businesses will operate as part of AAR’s Structures and Systems segment. The combination of Telair and AAR Cargo Systems creates a formidable market leader in the design, production and servicing of aircraft cargo systems for both commercial and military platforms.

About AAR
AAR is a leading provider of products and value-added services to the worldwide aerospace and government and defense industries. With facilities and sales locations around the world, AAR uses its close-to-the-customer business model to serve customers through four operating segments: Aviation Supply Chain; Maintenance, Repair and Overhaul; Structures and Systems; and Government and Defense Services. More information can be found at www.aarcorp.com.

Nordisk Aviation Products AS, PO Box 173, 3081 Holmestrand, Norway Tel: +47 33 06 61 00 © Nordisk Aviation Products 2018 Privacy notice