AAR Corporation Expands Trax Subsidiary with Acquisition of Aerostrat Maintenance Planning Software
Reuters
Aug 12
AAR Corporation Expands Trax Subsidiary with Acquisition of Aerostrat Maintenance Planning Software
AAR Corporation, a leading aviation services provider, has recently expanded the capabilities of its Trax subsidiary through the acquisition of Aerostrat, a prominent long-range maintenance planning software company. The acquisition, valued at $15 million with an additional contingent consideration of up to $5 million, enhances Trax's enterprise resource planning system offerings. Aerostrat's flagship tool, Aerros, known for its long-range heavy maintenance planning solutions, will now be integrated into Trax's suite of products while continuing to be available for all ERP platforms. This strategic move aims to foster greater integration and scope expansion for both Trax and Aerostrat customers, further strengthening AAR's position in the aviation services market.
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