AAR CORP. (NYSE:AIR), a leader in aviation services, has purchased Aerostrat, a specialist in long-range maintenance planning software, for $15 million, with the potential for an additional $5 million in contingent payments.
The move strengthens AAR’s digital solutions portfolio and enhances the enterprise resource planning (ERP) capabilities of its Trax subsidiary.
Aerostrat’s signature product, Aerros, delivers advanced heavy maintenance scheduling tools for operators and maintenance, repair, and overhaul (MRO) providers, regardless of the ERP system they use. The platform currently supports over 5,000 aircraft.
As part of the deal, Aerros will be integrated into the Trax product lineup but will also remain available as a standalone solution compatible with all ERP environments.
“This acquisition of Aerostrat marks an important step in AAR’s strategy to advance the next generation of maintenance products and services. By bringing Aerostrat alongside Trax, we create opportunities for further integration and scope expansion for existing Trax customers as well as Aerostrat customers,” said Andrew Schmidt, Senior Vice President of AAR Digital Services and President of Trax.
Elliot Margul, CEO of Aerostrat, added, “Since founding Aerostrat, we have always been a customer-centric company that prides itself on building reliable, quality solutions that exceed our customers’ needs. We are thrilled to be a part of AAR as they share and encourage these same values.”
Following the announcement, AAR shares rose 1% in Tuesday trading.
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