India’s Aequs Gets Foothold in U.S.
Neelam Mathews June 19, 2015 Bangalore-based Aequs Aerospace, India’s largest private integrated aerospace components maker, has fully acquired Paris, Texas-based T&K Machine. This is the first international aerospace-related manufacturing buy by an Indian company, Aequs chairman and CEO Aravind Melligeri told AIN . “This acquisition will give us an entry into Boeing and other customers. The U.S. company will handle low volume runs that include shipsets below four units, primarily for the B777 and 747, as they provide logistic challenges to ship,” said Melligeri. “The U.S. aerospace and defense industry might have slowed down for now, but we do know business will open soon.” Larger volumes will be manufactured in Aequs’ India facility. “A large inventory provides enough room for cost savings,” he said. Aequs hopes to absorb through its U.S. facility packages worth $10 million this year. “A...