The acquisition of Pitcher Partners client, Flight Data Systems (FDS) represents the latest addition to ACR Electronics’ growing portfolio of aviation brands, which includes ARTEX and SKYTRAC. The new unified affiliation between three of the industry’s leading companies will enable ACR Electronics to offer an enhanced product line and service offering for the aviation market place.
The business will retain its existing personnel, products, brands, engineering capabilities and locations. FDS Managing Director, Mr Darren Privitera, will also remain with the business ensuring the culture and values that have guided the businesses will be passed on during the transition.
Mr Privitera said, “Flight Data Systems has over 25 years’ experience in developing innovative products and creating leading solutions for commercial and military aircraft. I am excited about this new partnership with ACR Electronics that will combine the expertise and knowledge of both businesses. With ACR Electronics’ support, we will continue to offer unique systems and MRO services to our global customers with the joint aim of improving aircraft safety and efficiency”.
Assisting FDS throughout the sale process has been a team of Pitcher Partners advisors and experts including:
- Corporate Finance Partner, Michael Sonego
- Senior Manager, Stephen Craig
- Analyst, Snigdhaa Suresh
- Taxation Partner, Stuart Dall
- Senior Manager, Daniel Burt
Mr Privitera said, “the Pitcher Partners team professionally managed a complex process involving negotiations and due diligence spanning multiple countries. Their expert knowledge and experience enabled the team to identify factors that significantly assisted in maximising value and minimising risk”.