Cheltenham-based Ontic acquires product lines from Ultra Electronics

Ontic

Ontic, the Cheltenham-based original equipment manufacturer and provider of maintenance, repair and overhaul services for aircraft in the commercial, military, rotorcraft and adjacent markets, has signed an asset purchase agreement for various product lines from Ultra Precision Control Systems.

Ultra Precision Control Systems is part of Ultra Electronics Ltd, also headquartered in Cheltenham which comprises a group of specialist businesses, located across the world, that design, manufacture, supply and support electronic and electromechanical systems, sub-systems and products for defence, security, cyber, transport, energy and aerospace applications.

The acquisition covers five distinct product categories comprising: legacy electronics, aircraft lighting, commodity harnessing, engine terminal bocks and rail barrier systems. The products will transition from two Ultra PCS sites into Ontic’s existing UK footprint.

Gareth Hall, Chief Executive Officer of Ontic, said: “Ontic is pleased to sign this agreement with Ultra supporting their future strategic plan, enabling Ultra to focus upon their core growth technologies. The acquisition by Ontic, the fourth deal with Ultra, will ensure that the products, the highly skilled jobs, and the supply chain remain in the UK protecting the end customers and ensuring an efficient transition”

Simon Pryce, Chief Executive of Ultra, added: “These disposals are in line with our Ultra strategy to focus on our core capabilities and markets where Ultra has specific expertise and knowledge. As such, these technologies will be better developed under Ontic’s new ownership. We’d like to thank the Ultra employees involved in these product lines for their contribution to Ultra and wish them and the business every success in the future with Ontic.”

Ontic’s global legacy focus is supported by manufacturing and MRO facilities in Cheltenham, Staverton, California, North Carolina, New York and Bolton.

Ontic possess over 45 years of aerospace product manufacturing and aftermarket support experience and provides support, including new and serviceable spares and repairs for more than 6,500 maturing and legacy aircraft parts. Its portfolio of products licensed or acquired from major OEMs such as Honeywell, UTC Aerospace, Safran, Thales and GE Aviation, span all major aircraft systems in both civil and military markets. For more information, please visit www.ontic.com.

Ontic has also announced the appointment of Toby Woolrych as the new CFO of Ontic. Toby will join the company in April.