Better Capital PCC Limited on Thursday said that it has been informed of the acquisition of French company Airia SAS and its subsidiaries by Gardner-Airia Holdings SAS, a sister company of Gardner Group Limited.
Airia and Gardner currently sit within the BECAP Fund LP investment portfolio.
Airia is involved in the manufacture, fabrication, assembly and distribution of aerospace detailed parts and it has its main operations in Mazeres, near Toulouse, with smaller sites in Marseille and Lyon.
Gardner is a UK based independently owned supplier of metallic aerospace details and sub-assemblies. Customers of Gardner currently include Airbus, Rolls-Royce, GKN, BAE Systems and other international companies in the aviation sector.
Financial details of the acquisition were not disclosed.