Astronics acquires Bühler Motor Aviation to enhance seat actuation

EAST AURORA, N.Y. - Astronics Corporation (NASDAQ:ATRO), a $1.62 billion market cap aerospace technology provider, has acquired Bühler Motor Aviation (BMA) from Bühler Motor Group in an all-cash transaction, the company announced in a press release. The acquisition comes as Astronics shows strong momentum, with its stock surging over 188% year-to-date.

BMA, located in Uhldingen-Mühlhofen, Germany, manufactures aircraft seat actuation systems including actuators, electronics, control panels, pneumatic systems, and lighting. The company is expected to generate approximately $22 million in annual revenue for 2026 at current exchange rates. According to InvestingPro data, Astronics maintains a healthy financial position with a current ratio of 3.04, indicating strong liquidity to support such strategic acquisitions.

Peter Gundermann, President and Chief Executive Officer of Astronics, described BMA as "an ideal tuck in to complement our current aircraft seat actuation solutions." He noted the acquisition brings additional engineering expertise, technologies, and customer relationships to Astronics.

The company plans to integrate BMA with its PGA subsidiary to develop motion control solutions for passenger seats on commercial aircraft.

Astronics Corporation serves aerospace, defense, and other mission-critical industries with power, connectivity, lighting, structures, interiors, and test technologies. The company works with global airframe manufacturers, airlines, militaries, completion centers, and Fortune 500 companies.

The financial terms of the acquisition were not disclosed in the press release statement.

In other recent news, Astronics Corporation reported its second-quarter 2025 earnings, which exceeded expectations. The company achieved earnings per share (EPS) of $0.38, surpassing the forecasted $0.29 by 31.03%, while revenue reached $204.67 million, slightly above the expected $203.94 million. In addition, Astronics announced it has closed a $225 million offering of 0% convertible senior notes due in 2031. The proceeds were partly used to retire approximately $132 million of its 5.5% convertible notes due in 2030.

The company also priced $210 million of these notes in a private offering, with the option for initial purchasers to acquire an additional $15 million. Craig-Hallum initiated coverage on Astronics with a Buy rating, noting the company’s significant exposure to the aerospace and defense sector as a potential growth driver. Astronics plans to use the proceeds from the note offerings to refinance existing debt and purchase capped call transactions to mitigate share dilution. These developments reflect Astronics’ strategic financial maneuvers and positive market positioning.

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