Aequs acquires France-based SiRA Group to expand global aerospace ecosystem into Europe
Feb 03, 2016: Aequs acquires France-based SiRA Group to further extend the reach of its global aerospace ecosystem. SiRA Group brings another key element to Aequs' expanding aerospace manufacturing capabilities as well as regional proximity to its key customers in Europe. The new company will be a part of Aequs Aerospace holdings in France.
SiRA Group, operating across five sites, offers highly regarded expertise in the areas of precision machining, assembly, and testing of engine, landing gear, and aircraft actuation components, as well as welding and fabrication of aircraft assemblies.
"The acquisition of SiRA brings highly complementary capabilities to our global aerospace ecosystem along with opportunities to expand our relationship with our key customers in Europe," said Walt Sirmans, president, Aequs Aerospace. He further added, "Expanding our value chain and local/global reach in France, combined with our facilities in Texas and India, provides for significant value creation and strategic customer accessibility."
In 2015, Aequs became the first Indian aerospace manufacturing company to expand into North America when it acquired Texas-based T & K Machine.
Alain Blévin, majority shareholder and president of SiRA Group, remarked, "This is a strategic step that will significantly enhance the future growth of the SiRA operating units. Aerospace is an increasingly globalised industry and SiRA will now be better able to adapt to its major client's expectations with the global offering built by Aequs."
Aequs is among India's fastest growing precision engineering companies specialising in precision machining, sheet metal fabrication, assembly, forging and special processing for the aerospace, automotive, and oil & gas industries. The company operates several manufacturing facilities in India, US and Europe.
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