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ASDAM has confirmed the acquisitions of TAE Aerospace and RUAG Australia, further enlarging the ASDAM Group which already includes Marand and Levett.
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Under the agreement, the chief executive officer of TAE, Andrew Sanderson, will be appointed CEO of ASDAM and join the board.
Meanwhile, Rohan Stocker is expected to continue as CEO of Marand and Levett and serve as an executive director on the ASDAM board.
ASDAM is Australia’s largest supplier to the F-35 program.
Its existing customers include Lockheed Martin, BAE Systems, Honeywell, and Pratt & Whitney.
Operating from 20 locations in Australia and the United States, ASDAM counts approximately 1,000 employees.
“Marand, Levett, TAE and RUAG Australia are all outstanding businesses in their own right. Their combination within ASDAM creates a leading Australian engineering and sustainment partner across aerospace and defence programs,” Steve Sargent, chairman of ASDAM, said.
“ASDAM’s role is to provide continued access to capital and resources to build and grow Australian sovereign industrial capability.”
ASDAM offers services across engineering, advanced manufacturing and sustainment in the defence and aerospace markets.
According to Sanderson, the recent acquisition complements ASDAM’s core offerings.
“TAE and RUAG Australia’s focus on sustainment of aerospace and defence platforms will be highly complementary to the design, engineering and advanced manufacturing capabilities of Marand and Levett in the ASDAM Group,” he explained.
“The expanded resources of the group will enable each of the businesses to invest and grow their capabilities to support our global defence, aerospace and industrial customers.”
ASDAM is majority owned by funds managed by CPE Capital.
[Related: TAE Aerospace acquires Honeywell’s TPE331 Engine Rental Bank]
