Sumitomo Completes Full Acquisition of Werner Aero LLC
December 27, 2024
Sumitomo Corporation and Sumitomo Corporation of Americas completed the full acquisition of Werner Aero LLC, effective December 27, 2024, making Werner Aero a wholly owned subsidiary. The deal expands Sumitomo's aircraft aftermarket capabilities by integrating Werner Aero's aircraft procurement, dismantling, repair, inventory management and parts sales operations to better serve airlines, lessors and MRO customers.
- Buyers
- Sumitomo Corporation, Sumitomo Corporation of Americas
- Targets
- Werner Aero LLC
- Industry
- Aerospace & Defense
- Location
- New Jersey, United States
- Transaction Type
- Buyout
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