Abaco Systems, a provider of mission-critical embedded computing systems, has been acquired by AMETEK in a deal valued at $1.35 billion.
“We are excited for the opportunity to acquire Abaco Systems,” David A. Zapico, AMETEK Chairman and Chief Executive Officer, said in a March 25 press release. “Their market leading embedded computing solutions are ideally positioned across a number of attractive aerospace and defense platforms, further broadening our differentiated product offering serving these markets.”
The deal will close in mid-2021 with Abaco joining AMETEK’s Electronic Instruments Group (EIG), according to the release.
Finnair signed a letter of interest for the Heart Aerospace ES-19 electric aircraft, currently under development in Stockholm, Sweden.
Finnair could acquire up to 20 of the new 19-seater Heart Aerospace ES-19 electric aircraft, for use on the airline’s short routes, the airline said in a March 25 press release. According to Heart Aerospace, the aircraft are expected to be available for first commercial flights in 2026.
“Finnair believes electric aviation will be one of the tools for the future of flying. It will help to promote responsible and sustainable aviation especially on short routes, in an era where climate change will increasingly dominate the agenda,” Anne Larilahti, Finnair Vice President of Sustainability, said in the release. “We want to be actively involved in developing and implementing new technologies which enable carbon-neutral flying.”
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