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AIT to acquire Nova-Tech Engineering

Advanced Integration Technology (“AIT”) announced today an investment in Nova-Tech Engineering (“Nova-Tech”).

Based in Lynnwood, WA, Nova-Tech is a designer and integrator of critical assembly automation, materials handling and friction stir welding equipment and tooling for the aerospace and space launch industries. Nova-Tech's talented engineering and executive team will join the AIT family while continuing to operate as a distinct business line and brand led by Nova-Tech's CEO, William B. (“Benny”) Teal.

“In our industry, Nova-Tech is synonymous with engineering excellence and dedicated customer service,” said Ed Chalupa, AIT's Chairman and CEO. “Benny and his team have established a culture that perfectly exemplifies the entrepreneurship and innovation that has always driven the aerospace industry forward. Nova-Tech's strong presence in international markets and adjacent sectors like space launch is particularly unique in our industry.”

“The adoption of automation in aerospace is accelerating, just as the automation supply base is consolidating offshore,” said Teal. “It's exciting to have a partner in this environment and to be a part of a platform with this scale of technology and engineering talent.”

AIT's investment in Nova-Tech represents its second transaction in the aerospace automation sector following the purchase earlier this month of KUKA Systems Aerospace North America (as recently reorganized) in a carve-out transaction from KUKA Systems North America LLC.

Press release issued by Advanced Integration Technology, Inc. on December 22, 2016

 

 Contact details from our directory:
Advanced Integration Technology, Inc. Fasteners, CIM Systems, Optical Alignment Equipment, Drilling Equipment, Composite Fasteners, Custom Fasteners, Hook & Loop Fasteners, Design Services, Load Positioning Systems, Remote Positioning Systems, Jigs & Fixtures, Plant Automation Equipment, Work Platforms, Mandrels, Tooling
Nova-Tech Engineering, LLC Drilling Equipment, Work Platforms, Tooling, Jigs & Fixtures, Materials Handling Equipment, Load Positioning Systems, Remote Positioning Systems, Gantries
KUKA Aero Industrial Robots, Tooling

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