CIRCOR International, Inc. (NYSE: CIR), a leading provider of valves and other highly engineered products for the instrumentation, aerospace, thermal fluid and energy markets, today announced that its Aerospace Products Group has completed the acquisition of Chemille, France-based Bodet Aero from Groupe BMP. Bodet Aero is a leading manufacturer of electro-mechanical and fluidic controls for the aerospace, defense and transportation markets. It has approximately $15 million in revenues and the transaction is expected to be accretive to earnings in the first year of combined operations.
“We are excited to be adding the capabilities of Bodet Aero to CIRCOR’s presence in Europe, along with our Paris-based Industria Controls operation,” said CIRCOR Chairman and Chief Executive Officer Bill Higgins. “Expanding CIRCOR’s technology and customer links in Europe is key to our growth strategy. Bodet Aero has engineering and manufacturing capabilities and a reputation for service excellence that make it a great fit for our aerospace business in France and throughout Europe.”
Bodet Aero has more than 20 years of experience in the design and manufacture of specialized aircraft controls system components, including aircraft landing gear wheel speed tachometers, flight control pedal transmitters, speed reducers and integrated fluidic and electro-mechanical controls components. Bodet Aero products are found on a full range of aerospace platforms, including the Airbus family of commercial and military aircraft, as well as business aviation platforms including the Dassault Falcon 7X.
CIRCOR Aerospace is a global leader in the design, manufacture and testing of high reliability, severe service fluid controls, control systems, and integrated landing gear systems. The business operates design and manufacturing centers in North America, Europe and Asia, producing aerospace products under the Circle Seal, Aerodyne, Industria, Motor Technology and Loud brand names.