Aequs acquires T&K Machine

Aequs Pvt. Ltd., a Karnataka based aerospace component manufacturer, has acquired Paris based aerospace component maker T&K Machine Inc., for an undisclosed amount. It will help Aequs to expand its footprint in North American market. T&K Machine has been supplying machined parts and assemblies to the aerospace industry since 1968 and has a wide range of manufacturing capabilities.

Aequs, founded in 1997 as an engineering services firm called QuEST Global Manufacturing based out of the US, started manufacturing aerospace and defence components in 2006. It has a presence in the aero structures (wings, air frames etc.), aero systems (hydraulic valve actuators etc.) and landing gear segments of aerospace manufacturing, and supplies to all major aerospace and aviation companies.

T&K is a US export control approved facility with 65 employees, which will help Aequs in the North American market. In February, Aequs acquired Bangalore based Simulation Designs, which makes high precision components for spacecraft and satellites, for Rs 6 crore. In November last year, Aequs had announced that it is planning to invest about $100 Million in India and abroad by 2020 to expand its geographical reach, add new capabilities and scale up revenues.

Indian aerospace and defence will grow at a compounded annual growth rate of 13.6% to become a $70 Billion market by 2018, according to Grant Thornton India, a consultancy. Aequs will now offer its global aerospace machining platform over one million hours to Boeing and its tier 1 suppliers across the world.