The new acquisition of Trax USA Corp is expected to assist AAR in providing a boost for its digital solutions offerings to its core aviation aftermarket customers.
AAR Corp., a global provider of aviation services, has recently acquired Trax USA Corp., an independent provider of aircraft MRO and fleet management software. This acquisition is expected to help AAR accelerate its digital solutions offerings to its core aviation aftermarket customers.
Trax USA Corp., established in 1999, is headquartered in Miami and has approximately 110 employees. The company provides software applications to a wide range of customers globally, including airlines, MROs, and government aircraft operators. Its eMRO software solution is a web-based enterprise MRO solution for managing aircraft maintenance and fleet management, while its eMobility products offer a suite of mobile applications for various purposes.
John M. Holmes, Chairman, President, AAR said, “We believe we can support Trax’s continued growth by investing in its platforms and by leveraging our global relationships to help Trax reach additional customers. We also believe that over time this combination will allow more customers to better access AAR’s parts and services offerings as Trax is the materials management system used by thousands of buyers and planners at airlines around the world”.
According to AAR’s Chairman, President, and CEO, John M. Holmes, the acquisition will help the company offer established, higher-margin aviation aftermarket software offerings with recurring revenue to its portfolio. The complementary customer base of Trax also provides opportunities for AAR to cross-sell products and services.
Jose Almeida, CEO, Trax said, “Trax has led the industry in developing next generation maintenance ERP systems for over 20 years. By combining two leading independent aftermarket services providers, we create a compelling and unique offering to support the global aviation industry.”
The acquisition of Trax comes at a time when the aviation industry is recovering from the effects of the COVID-19 pandemic. AAR’s strategy to offer digital solutions to its core aviation aftermarket customers is expected to help it capitalize on the increasing demand for MRO services in the industry.
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Overall, the acquisition of Trax USA Corp. is expected to bring significant benefits to AAR Corp. by adding critical software applications to its portfolio, increasing recurring revenue, and opening up new opportunities for cross-selling.
