Business & GA, Commercial

Aerosonic Buys Op Technologies

By Tish Drake | August 23, 2007
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Aerosonic Corp., of Clearwater, Fla., said it will acquire Op Technologies, an Oregon-based developer and manufacturer of glass cockpit displays. Financial terms of the deal were not disclosed. Aerosonic, which supplies precision flight products for commercial, business and military aircraft, said the deal will allow it to compete on a larger scale across a wider number of aircrafts. Aerosonic said Op produces a series of cockpit displays for experimental general aviation, including the Pegasus Integrated Avionics System. Op has also been developing similar products for FAA-certified aircraft. "This transaction creates a path for meaningful revenue growth and reduces our cost and time to market for a family of products that addresses a significant component of our strategic plan," said David Baldini, Aerosonic's chairman, president and CEO. "We believe that this transaction will establish a new platform for future growth and will allow us to better serve our present and future customers."

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