CHEEKTOWAGA, N.Y. — Calspan announced Tuesday that it will be acquired by TransDigm Group, which is based out of Cleveland.
Calspan says the acquisition by TransDigm will insure that Calspan will continue to be successful and stable moving forwad.
Calspan is headquartered in Buffalo. The company says there will be no impact to staff or current operations.
Peter Sauer, Calspan’s President & CEO stated in a release posted on their website, “We are fortunate to have had such incredible and supportive private owners in John Yurtchuk and Lou Knotts who have challenged us to achieve great things. The acquisition by TransDigm provides a long-term home for Calspan and is a strong signal to our people, the communities we operate in, and our valued customers, that Calspan will remain an industry leader and employer of choice.”
Lou Knotts, owner and Co-Chairman of Calspan, said, “This is an opportunity to ensure that Calspan’s identity and reputation is protected and positioned to expand for many more decades beyond our tenure as owners. I am confident the company will remain well-guided for discovery and development and remain positioned to Test the Future.”
“As caretakers of this great company, we are proud to have found a solution that affords Calspan the opportunity to further build its legacy,“ said John Yurtchuk, owner and Co-Chairman of Calspan. “With the talented leadership team we have in place and the resources of TransDigm, Calspan is positioned to expand well beyond what Lou and I have achieved. It has been a privilege to serve our great employees and our customers.”
According to Buffalo Business First, Calspan employs more than 600 people, with 260 in Western New York.
The company's website says they provide testing and technology development services, solutions, and systems in the aerospace, defense and automotive industries.