AAR Completes Acquisition of Cargo Loading System Assets from PFW Aerospace GmbH

WOOD DALE, Ill., Dec. 16, 2013 /PRNewswire/ — AAR CORP. (NYSE: AIR) announced today that its 100% owned subsidiary, Telair International GmbH, has completed the acquisition of cargo loading system assets of Speyer, Germany based PFW Aerospace GmbH, which the company announced on December 2, 2013. The acquisition will enhance Telair’s market position as one of the leading suppliers globally of cargo loading and baggage handling systems. The acquired assets include the cargo loading system business for the Airbus A320 family of aircraft and aftermarket spares for additional legacy PFW cargo loading systems produced for other Airbus platforms. Upon completion of a transition period after closing, Telair will transfer the assets to, and perform operations at, its Miesbach, Germany facility. The acquisition was funded from available cash on hand.