Buffalo, New York – Calspan Holdings, the parent company to a group including Buffalo-based aerospace and automotive research company Calspan Corp., has acquired Triumph Aerospace Systems-Newport News Inc. The transaction was effective Sept. 30, 2016 and the new company will operate as Calspan Systems Corp.
Calspan Systems is a globally-recognized, engineering, design, analysis, and manufacturing firm, specializing in the engineering and manufacture of complex hardware and prototype systems. Also included in this acquisition is the company's Force Measurement Systems (FMS) division, located in San Diego, California. Triumph Aerospace Systems-Newport News had been a subsidiary of the Triumph Group Inc. since 2006.
Triumph Aerospace Systems-Newport News engineers and manufactures complex aerospace hardware and prototype systems for ground test and flight applications for fixed-wing aircraft, missile, and helicopter systems.
"We are very pleased to add Calspan Systems Corp. to our company, and expand our capabilities in providing our customers with a heightened expertise in aerospace engineering, testing, and design," stated Calspan President and CEO, Louis Knotts, "This transaction is a winning combination for Calspan's customers, employees and partners, as it builds on and complements the significant foundation already in place."
The acquired company will retain its management, technical, and supporting staff and will continue operations at its current headquarters in Newport News, Virginia, along with its San Diego facility. "We are excited to join the Calspan team," said Stephanie Mumford, Calspan Systems Corp. president, "Our core customers are very similar, and we are now positioned to significantly enhance Calspan's position in the industry."
Earlier this year Triumph Group President and CEO Dan Crowley announced a transformation plan to positively position Triumph for long term success and enhance its competitive position in the marketplace. "The sale of Triumph Aerospace Systems-Newport News to Calspan is in the best interest of all companies involved," said Crowley. "The sale will allow Triumph to focus more intently on our core business capabilities. I am confident that under Calspan, the company will have greater opportunities for growth."
This acquisition expands Calspan's global reach. "This acquisition reinforces Calspan as a growth company in the industries we serve, offering a consistent focus of exceptional service to our customers," said Calspan Chairman John Yurtchuk.
It is expected that full integration of the companies will be completed by the end of 2016.
Sources: Calspan Corp., Triumph Group Inc.
Calspan Systems is a globally-recognized, engineering, design, analysis, and manufacturing firm, specializing in the engineering and manufacture of complex hardware and prototype systems. Also included in this acquisition is the company's Force Measurement Systems (FMS) division, located in San Diego, California. Triumph Aerospace Systems-Newport News had been a subsidiary of the Triumph Group Inc. since 2006.
Triumph Aerospace Systems-Newport News engineers and manufactures complex aerospace hardware and prototype systems for ground test and flight applications for fixed-wing aircraft, missile, and helicopter systems.
"We are very pleased to add Calspan Systems Corp. to our company, and expand our capabilities in providing our customers with a heightened expertise in aerospace engineering, testing, and design," stated Calspan President and CEO, Louis Knotts, "This transaction is a winning combination for Calspan's customers, employees and partners, as it builds on and complements the significant foundation already in place."
The acquired company will retain its management, technical, and supporting staff and will continue operations at its current headquarters in Newport News, Virginia, along with its San Diego facility. "We are excited to join the Calspan team," said Stephanie Mumford, Calspan Systems Corp. president, "Our core customers are very similar, and we are now positioned to significantly enhance Calspan's position in the industry."
Earlier this year Triumph Group President and CEO Dan Crowley announced a transformation plan to positively position Triumph for long term success and enhance its competitive position in the marketplace. "The sale of Triumph Aerospace Systems-Newport News to Calspan is in the best interest of all companies involved," said Crowley. "The sale will allow Triumph to focus more intently on our core business capabilities. I am confident that under Calspan, the company will have greater opportunities for growth."
This acquisition expands Calspan's global reach. "This acquisition reinforces Calspan as a growth company in the industries we serve, offering a consistent focus of exceptional service to our customers," said Calspan Chairman John Yurtchuk.
It is expected that full integration of the companies will be completed by the end of 2016.
Sources: Calspan Corp., Triumph Group Inc.
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