Houlihan Lokey is pleased to announce that Advanced Integration Technology, LP, (AIT) a portfolio investment of Onex Corporation, has acquired KUKA Systems Aerospace North America, a subsidiary of KUKA AG. The carve-out transaction closed in early April 2017.
Headquartered in Plano, Texas, AIT is the world's largest provider of automation, factory integration, and tooling solutions dedicated to the global aerospace and defense industries. AIT designs, manufactures, and installs turnkey systems, automated tooling, and equipment for the assembly of aerospace structures. AIT serves a wide range of global, blue-chip OEMs and Tier 1 suppliers, including Boeing, Lockheed Martin, Northrop Grumman, Spirit AeroSystems, Triumph, and Bombardier. AIT has facilities in the United States, Canada, Spain, and Sweden.
Through its Onex Partners and ONCAP private equity funds, Onex acquires and builds high-quality businesses in partnership with talented management teams. Onex has approximately $24 billion of assets under management, including $6 billion of Onex proprietary capital, in private equity and credit securities. With offices in Toronto, New York, New Jersey, and London, Onex invests alongside its fund investors and is the largest limited partner in each of its private equity funds.
KUKA Systems Aerospace North America is a market-leading integrator of new robotic technologies used in aerospace assembly and a provider of flexible automation solutions and engineering to the aerospace industry. Its clients include Gulfstream Aerospace, Bell, Boeing, and other aerospace and defense contractors. KUKA Systems Aerospace North America was a subsidiary of KUKA AG prior to the carve-out transaction, which was an important prerequisite to obtain CFIUS and other trade approvals for KUKA AG's sale to Chinese consumer products manufacturer Midea.