Acron Aviation
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Acron Aviation - overview
Location
-, -, US
Primary Industry
Aerospace
About
Based in the US, Acron Aviation, formerly known as L3Harris Technologies, Inc. 's Commercial Aviation Solutions Business, operates as an avionics and related training company. In November 2023, the firm was acquired by Jordan Company, from L3Harris Technologies, Inc. for USD 700 million in cash, with an additional USD 100 million to be paid if the company's Avionics business unit meets performance targets in 2023 and 2024.
The company offers pilot training, training technology, avionics, flight data analytics, and advanced air mobility, to individuals and businesses in the aviation market, to create safer skies. L3Harris Technologies, Inc. 's Commercial Aviation Solutions Business, as of November 2023, is operational in the UK, Thailand, and the US. Under flight data analytics, the company has monitored over 7,000 flights per day with 751 safety events configurable to client’s SOPs, and 16 million database of flights.
Under avionics, the firm has over 130,000 recorders, displays, and processors delivered, and under airline academies, it has 3 global facilities with 100 aircraft fleet and 1 flight data monitoring implementation. The November 2023, investment will support L3Harris Technologies, Inc. 's Commercial Aviation Solutions Business to provide better solutions to its customers.
Current Investors
Primary Industry
Aerospace
Sub Industries
Education & Training Services, Aerospace, Analytics & Performance Software
Website
www.l3harris.com/all-capabilities/commercial-aviation-solutions/
Total Amount Raised
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Acron Aviation - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | ACR Electronics, Inc. | - | ||||||||
| Corporate Carve Out | Completed | Acron Aviation | - |
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