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Daher Acquires Airplane Manufacturing Business of Quest Aircraft
Friday 14 June 2019

14 June 2019 – French airframer Daher producer of the turboprop aircraft TBM family, has acquired the airplane manufacturing business of Idaho-based Quest Aircraft company, builder of the Kodiak 100, the company said.
Terms of the transaction were not disclosed. The acquisition's closing is expected to be completed by the end of 2019.
With this acquisition, Daher strengthens two of its strategic pillars by reinforcing its aircraft manufacturing business and consolidating the company's leading position in the turboprop segment by widening the product family.
Through this major acquisition, Daher is enhancing its presence in the general and business aviation segment by offering a wider multi-product range.
Already known for its TBM 910 and TBM 940 turboprop aircraft, Daher's airplane portfolio has now expanded to include the Kodiak 100.
In addition to its development and purchasing synergies, the Quest Aircraft company's acquisition offers excellent commercial, technological and geographical complementarities.
With more than 150 years of know-how, Daher now intends to invest in this production platform to offer an enhanced services and sales network.
Daher is an aircraft manufacturer and an industry and service equipment supplier. Daher asserts its leadership in three main businesses - aircraft manufacturing, aerospace equipment and systems, logistics and supply chain services.
Details
Date Published: 14/06/2019
Target: Quest Aircraft Company/airplane manufacturing business
Country: USA
Sector: Aerospace/Defence
Type: Corporate acquisition
Status: Closed
Vendor:
Buyer: Daher
Comment:
Terms of the deal were not disclosed

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