Firan Technology Group Corporation Acquires FLYHT Aerospace Solutions Ltd.
December 20, 2024
Firan Technology Group Corporation (FTG) has acquired all of the issued and outstanding shares of FLYHT Aerospace Solutions Ltd. under a court-approved plan of arrangement, with closing announced December 20, 2024. The deal, which used a mix of cash and FTG shares as consideration (subject to pro-ration and caps), expands FTG's presence in the commercial aerospace aftermarket and adds FLYHT's SATCOM hardware and data/analytics capabilities to FTG's portfolio.
- Buyers
- Firan Technology Group Corporation (FTG)
- Targets
- FLYHT Aerospace Solutions Ltd.
- Industry
- Aerospace & Defense
- Location
- Alberta, Canada
- Transaction Type
- Buyout
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