AAR to Acquire Cargo Loading System Assets from PFW Aerospace GmbH

WOOD DALE, Ill., Dec. 2, 2013 /PRNewswire/ — AAR CORP. (NYSE: AIR) announced today that its 100% owned subsidiary, Telair International GmbH, has signed a definitive agreement to purchase the cargo loading system assets of Speyer, Germany based PFW Aerospace GmbH. The acquisition will enhance Telair’s market position as one of the leading suppliers globally of cargo loading and baggage handling systems. Upon completion of a transition period after closing, Telair will transfer the assets to, and perform operations at, its Miesbach, Germany facility.

The acquisition will be funded from available cash on hand and is expected to be completed by the end of the calendar year.