RUAG Aerostructures, part of RUAG International, has agreed to sell its machining business to Swiss manufacturing conglomerate fitIN-DUSTRY, RUAG has announced. RUAG said it will transfer the business' machines and 19 employees in early September to fitIN-DUSTRY, which will "seamlessly continue" the unit's operations. Financial terms of the deal were not disclosed. Divesting the business, which makes metal parts, will allow RUAG's Aerostructures site in Emmen to focus on assembling larger components, such as fuselage sections and wing structures. For fitINDUSTRY the acquisition will help diversify its mostly non-aerospace business.The machining business will be integrated into fitINDUSTRY's existing family of five companies. Among those is Pamatool, which makes parts from alumin-ium, brass, copper, plastic, steel and other materials for eight sectors, including 'aerotech' and space.
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