Monday, April 28, 2014
Genesys Uses MBO to Acquire Chelton, S-TEC
Source: Genesys Aerosystems Group
Genesys Aerosystems Group has acquired Chelton Flight Systems and S-TEC Corporation in a management buyout. Key customers include AgustaWestland, Airbus Military, Air Medical Group Holdings, Bell Helicopter, Carson Helicopters, Embraer, Grob Aircraft, Sikorsky, Textron AirLand, and commercial, military, and government fleets around the world.
Chelton Flight Systems, founded in 1997, developed the world’s first FAA-certified synthetic vision flight display system and GPS/WAAS navigator and specializes in integrated cockpit avionics systems for special-mission aircraft. Key technologies include synthetic vision with three-dimensional highway-in-the-sky navigation, integrated flight management and hazard alerting, and ultra-compact, highly ruggedized sensors that provide ultimate customer benefits of increased safety, improved dispatch rates, mission flexibility, and seamless future growth.
S-TEC Corporation, founded in 1978, offers a full line of autopilots for airplanes and helicopters. From low-cost analog wing levelers to sophisticated, digital, three-axis systems with Flight Director and envelope protection, S-TEC has FAA certification for nearly 1,000 aircraft types and has delivered over 40,000 autopilot systems. The company’s new HeliSAS brings digital, full-authority autopilot technology to the market in a package weighing an unprecedented 15 lbs. Available as a stability augmentation system only or with all autopilot modes, HeliSAS enhances safety for light single- and twin-engine helicopters.
Related: Acquisition News