JBT Corporation (NYSE: JBT) has announced it has signed an agreement to acquire Oregon-based LEKTRO, Inc., a manufacturer of electric aviation ground support equipment, the company said.
LEKTRO provides AeroTech with a more comprehensive and compelling offering of commercial aviation ground support equipment.
The purchase price will be USD 48 million before customary post-closing adjustments. LEKTRO is expected to add annual revenue of approximately USD 35 million.
JBT Corporation (NYSE: JBT) is a global technology solutions provider to high-value segments of the food & beverage industry. JBT sells critical equipment and services to domestic and international air transportation customers through its AeroTech segment.