French aircraft maker Daher SA—producer of the TBM 910 and 940 and Kodiak 100 turboprop singles—said it agreed to acquire the Stuart, Florida-based metallic aerostructures production and assembly business of Triumph Group Inc.
The companies did not disclose the terms of the transaction.
Daher says the acquisition will strengthen its position as a manufacturer in North America, where it operates a structures factory in Nogales, Mexico. The company builds its Kodiak turboprop utility aircraft in Sandpoint, Idaho. Daher acquired Kodiak’s manufacturer, Quest Aircraft, in 2019.
“This acquisition is perfectly aligned with Daher’s ‘Succeed Together’ strategic plan, including the goal of significantly developing our North American activities across all of the company’s divisions,” said Daher CEO Didier Kayat.
Daher said the Stuart business is strategically located near hubs for rail, air, sea, and ground transportation. The Stuart plant specializes in the assembly of wings, fuselages, and other complex metal parts. About 400 employees work at the plant.
Daher also said acquiring the Stuart operation is another step in its long-term plan to raise its profile in the global aerospace industry. The transaction is subject to regulatory review and other closing conditions and is expected to close in the first half of this year.
Triumph, based in Berwyn, Pennsylvania, says the sale will complete its exit from the structures business and allow it to continue as a “pure play” provider of aerospace systems and aftermarket services. The company designs, develops and services a range of products including aerospace gearboxes, actuators, helicopter transmissions, and controls for landing gear.