Magnaghi Aeronautica Group

Italian aerospace group Magnaghi Aeronautica Group has acquired Five Valleys Aerospace, the holding company of Nu-Pro and Stanmar, for an undisclosed sum. The deal strengthens MA Group's presence in the UK aerospace market.

Magnaghi Aeronautica Group (MA Group) has acquired New Jersey-based Air Marine and Airlift Hydraulics, a supplier of landing gear maintenance, repair and overhaul services. The acquisition will expand the capabilities of MA Group's division HSM Machine Works in Leland, North Carolina, adding assembly and testing work.