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EuroAvionics

Founded in 1993, EuroAvionics has grown into an advanced aerospace supplier, which manufactures avionics systems for helicopters and aeroplanes.

With a global customer base of well-established aviation companies, EuroAvionics designs, develops and produces customised civil-certified high-end avionics systems, which are used predominantly by professional operators engaged in air rescue, reconnaissance, firefighting and police services.

VALUE CREATION

During the investment period, Equistone has worked closely with the management team to support its expansion through the completion of two successful add-on acquisitions:

  • Aerotech, a UK-based provider of ground-stations was part-funded through company cash and a capital injection by Equistone Fund IV in 2013.
  • LCX Systems, a US-based value-added reseller, was fully funded through company cash in 2014.

Between 2014 and 2016, EuroAvionics achieved significant product diversification, having broadened its product portfolio organically as well as by bringing in a team of experts to establish a new business line in Switzerland to focus on drone and drone autopilots.

As a result, EuroAvionics has demonstrated strong growth, with annual turnover rising from c. €14m in 2012 to more than €20m forecast for 2017 and having grown its employee numbers from 40 to 110.

THE EXIT

Equistone sold its investment in EuroAvionics to HENSOLDT, a former Airbus aerospace and defence business.

HOLDING PERIOD

Jul 2012 - Aug 2017

Country

Germany

Business Description

Industrial Engineering

Revenue Progression

€14m / €24m

Employees at ACQ.

40

Investment Type

Secondary MBO

In 2012, Equistone acquired EuroAvionics – a leading manufacturer of civil avionics systems. Since then, the company has continually developed its market position, international presence and product range.

ADD-ON ACQUISITIONS

LCX Systems, LLC
Feb 2014
aerotech uk limited (UK)
Aug 2013