Aerospace and industrial engineering manufacturer Moog Inc. has recently entered into a deal to acquire TEAM Accessories Limited for an undisclosed amount of money.
TEAM is based in Dublin, Ireland and specializes in Maintenance, Repair and Overhaul (MRO) services for critical and high-value jet engines, a release stated.
"We’re excited to bring TEAM’s products and people into Moog’s Aircraft Controls segment," Mark Brooks, Moog Commercial Aftermarket Group vice president and general manager said, according to the press release. "TEAM expands our product and capabilities portfolio for the aircraft engine accessories market. Their reputation for high quality and reliable service fit well with Moog’s core principles."
The collaboration is intended to help support Moog’s Commercial Aftermarket service offerings.
TEAM also provides services to the industrial gas turbine sector and increase its presence in markets around the world.
The company employs more than 40 people at its engineering location.