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Announced

AAR completed the acquisition of Aerostrat for $20m.

Synopsis

AAR, a provider of aviation services to commercial and government operators, completed the acquisition of Aerostrat, a long-range maintenance planning software company, for $20m. "Since founding Aerostrat, we have always been a customer-centric company that prides itself on building reliable, quality solutions that exceed our customers' needs. We are thrilled to be a part of AAR as they share and encourage these same values. Combining this with the opportunity to work side by side with Trax, a long-time industry leader, is a huge honor that will surely take both solutions and teams to new heights," Elliot Margul, Aerostrat CEO.

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