Acquiring Company
Astronics Corporation
Acquired Company
Envoy Aerospace
Description
Astronics Corporation has announced its acquisition of Envoy Aerospace to enhance FAA certification services. This strategic move will improve Astronics' capabilities in aircraft connectivity and modifications. The acquisition is valued at approximately $8 million, and nine Envoy employees will join Astronics. The deal aims to address the growing demand for aircraft modifications amid limited availability of ODA services.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed