BELAGAVI, India, June 15, 2015 /PRNewswire/ --
Aequs Aerospace, an emerging 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 successfully delivering quality parts on time to the global aerospace companies like Boeing, Spirit AeroSystems, Triumph's Vought aerostructures, and UTC Aerospace Systems to name a few.
This acquisition marks the first expansion of Aequs Aerospace's manufacturing presence into the United States. "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 & technicians, the 27,000 sq. ft. facility houses 28 CNC machining centers complete with the engineering, quality, and assembly capabilities necessary to serve the global aerospace market.
"As part of our strategy for expanding aerospace manufacturing capabilities and geographical presence, we're excited to welcome the T&K facility into our global manufacturing ecosystem," said Walt Sirmans, President of Aequs Aerospace. He further added, "Our expanded value chain capabilities and local/global reach will offer greater flexibility, improved value creation, and convenient customer access to meet the demanding needs of the global aerospace supply chain."
Post acquisition, T&K Machine, Inc will be renamed as 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 $10million in the current FY. Aequs has been a key supplier to Airbus and its European Tier-1's. The integration of Aequs Aero Machine into the Aequs family provides Aequs the ability to seamlessly supply to Boeing and its Tier-1's from its global delivery platform,
About Aequs Aerospace
Aequs Aerospace is a business segment of Aequs Private Limited and specializes in precision machining, sheet metal fabrication, assembly, forging, and special processing for major OEMs and Tier 1 customers. Aequs Aerospace is headquartered in the Aequs Special Economic Zone located at Belagavi, Karnataka, India. The parent company, Aequs, provides precision engineering products for the aerospace, automotive, and oil & gas industries from its facilities in Belagavi, Bengaluru, and Houston and Paris, TX.
More information is available at: http://www.aequs.com
SOURCE Aequs Aerospace