East Aurora, N.Y.-based Moog Inc. (NYSE: MOG.A and MOG.B) completed the acquisition of Genesys Aerosystems Group, Inc., for approximately $77.7m.
The purchase includes the operating subsidiaries S-Tec Corporation and Genesys Aerosystems, Inc.
Led by CEO Roger Smith, Genesys designs and manufactures a full suite of electronic flight instrument systems and autopilot solutions specializing in fixed wing, rotorcraft, military and special mission aircraft fleet support with state-of-the-art avionics and product sustainment services.
The company is headquartered in Mineral Wells, Texas and has 143 employees.
Moog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Its systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine, and medical equipment.