Moog Inc. has divested its wholly owned subsidiary, Bradford Engineering B.V. (“Bradford”), to American Industrial Acquisition Corporation (“AIAC”).
Founded in 1986 and based in Heerle, The Netherlands, Bradford is a European developer and manufacturer of equipment for satellites and spacecraft including Attitude and Orbit Control Systems (“AOCS”), Propulsion, Avionics and Thermal solutions. Bradford also manufactures components and subsystems such as pressure transducers, flow meters, cold gas systems, sun sensors and reaction wheels for major European satellite prime manufacturers. Customers include ESA, NASA, JAXA, NSO, EADS-Astrium, Thales Alenia Space, OHB System, OHB Sweden, QinetiQ, The Boeing Company, IHI, NEC-Toshiba Space, Teledyne Brown Engineering and others. Bradford will operate as a portfolio company of AIAC with no change, complementing AIAC’s existing European group of businesses and providing AIAC with an established manufacturing base for space subsystems and components in Europe.
Moog is a global leader in the design and manufacture of precision control systems for high-performance applications on military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment.
AIAC is a group of 63 manufacturing and distribution companies with over 9,000 employees in 17 countries in North America, Europe and Asia. Total group revenues exceed $1.2 billion.
Terms of the transaction were not disclosed. Philpott Ball & Werner, LLC served as investment banker to Moog. For more information about this transaction, please contact Ted Werner at email@example.com or Erik Appareti at firstname.lastname@example.org.