JBT Corporation of the United States announced on 12 June 2017 that it is to acquire privately owned, UK-based Aircraft Maintenance Support Services Ltd (AMSS) for about GBP10 million (USD13 million).
The deal is expected to close in the third quarter of 2017.
AMSS will operate within the JBT AeroTech business as JBT AMSS. As such, it is expected to add annual revenue of approximately USD20 million to JBT Corporation.
JBT chairman, president and CEO Tom Giacomini described the acquisition of AMSS as "focused strategic investment that will enhance our military offerings and provide us with expanded access to foreign militaries with our existing products".
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