JBT Corporation has signed an agreement to acquire fellow US-based ground support equipment (GSE) manufacturer LEKTRO Inc.
The deal – valued at USD48 million before customary post-closing adjustments – is expected to close in the first quarter of 2019.
Privately owned LEKTRO specialises in manufacturing electric GSE. Its operations are likely to be folded into the JBT AeroTech division. LEKTRO is expected to add about USD35 million to full-year revenues.
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