TriMas announced that it has completed the previously announced acquisition of the aerospace business of GMT Gummi-Metall-Technik GmbH. Based in Germany, GMT’s aerospace division develops and manufactures a wide range of tie-rods and rubber-metal anti-vibration systems for commercial and military aerospace applications. GMT Aerospace is now part of the TriMas Aerospace group.
“We are pleased to announce the acquisition of GMT Aerospace,” said Vitaliy Rusakov, Group President of TriMas Aerospace. “GMT Aerospace brings a wide range of highly-engineered products, and advanced design and manufacturing capabilities that complement our existing portfolio, enhancing our offerings in the aerospace and defense sectors. We are also particularly excited about strengthening our relationships with key European aerospace and defense Tier 1 suppliers and original equipment manufacturers by establishing TriMas Aerospace’s manufacturing footprint in Europe. This acquisition further solidifies our commitment to expanding our market presence and delivering innovative solutions to the aerospace industry.”
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Established in 2006, GMT Aerospace serves a broad customer base including OEMs, Tier 1 suppliers, and maintenance, repair, and overhaul providers. In fiscal year 2024, GMT Aerospace achieved approximately €22 million in revenue.
“We welcome the talented team from GMT Aerospace to the TriMas family of businesses,” Rusakov added. “Together, we look forward to driving continued growth and delivering exceptional value to our customers worldwide.”
Source: BusinessWire