GEORGETOWN, TEXAS, Jan. 14, 2012. AirBorn Inc., a Texas-based manufacturer of
electronic components and provider of value-added solutions for multiple industries, today
announced the acquisition of AESCO Electronics, a full-service electronics manufacturer and
distributor with divisions in Ohio and Massachusetts.
AirBorn, a manufacturer of electronic components for the aerospace, avionics, defense,energy, medical and automotive industries, is acquiring AESCO in a strategic move towardsgrowth, diversification and increased offerings and capabilities.
With the acquisition, AirBorn is forming a new division to be called AirBorn Electronics, Inc.,headed by AESCO president, Roger Engle. The new division will focus on providing products and services to commercial markets such as medical,instrumentation and industrial controls. Terms of the deal were not disclosed. AirBorn believes its current customers will be very excited about AirBorn gaining higher levels of contract manufacturing, design and distribution capabilities.
By adding 300 employees from AESCO, AirBorn will increase its employee base by 30% to
approximately 1400 employees. The acquisition of AESCO also increases AirBorn’s bottom
line. Combined sales for AirBorn are approximately $160 million.