Advanced Integration Technology has announced an investment in Nova-Tech Engineering, strengthening both companies’ work in aerospace automation.
Texas-based AIT is the world’s largest provider of automation, factory integration and tooling solutions dedicated to the global aerospace and defense industries, while Nova-Tech is a designer and integrator of critical assembly automation, materials handling and friction stir welding equipment and tooling for the aerospace and launch industries. Nova-Tech will continue to operate as a distinct business line and brand.
This transaction is D.A. Davidson’s seventh successful closed transaction in aerospace and defense automation and tooling.
D.A. Davidson served as financial advisor to AIT in the transaction.
Full details can be found here.