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26 Nov 2018 | 07:27

BBA Aviation completes Firstmark acquisition after receiving regulatory nod

Aviation support group BBA Aviation said Monday it had completed the acquisition of Firstmark after receiving the necessary governmental and regulatory approvals.

The acquisition of Firstmark for $97m was first agreed in September, and the business would be part of Ontic, BBA's aftermarket services business, the company said.

The acquisition fully supported the strategic growth of ontic by expanding the portfolio of proprietary products on established civil and military aircraft platforms and added footprint on the US East Coast, it added.

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