AAR Corp Acquires Trax MRO Software Provider 2023

AAR Corp announced its acquisition of Trax, a leading provider of aircraft MRO and airline fleet management software, for $120 million plus up to $20 million in earn-out payments. The strategic acquisition expands AAR's digital portfolio and proprietary technology offerings while adding higher-margin SaaS services with significant recurring revenue potential. The deal is expected to be accretive to earnings and create revenue synergy opportunities through cross-selling to complementary customer bases.