Ontic has acquired UK-based SIRS Navigation, adding a specialist manufacturer of standby magnetic compasses to its aerospace components portfolio.
Based in Kent, SIRS Navigation has designed, manufactured and supported aviation compasses for more than 60 years, with tens of thousands of units currently in service across commercial, business aviation and rotorcraft platforms.
The company supplies products to aircraft OEM production lines as well as replacement units to operators and distributors in the aftermarket.
It also provides custom compass designs for individual aircraft and customer requirements.
SIRS Navigation’s compass designs were originally acquired from GE Aerospace and have since been developed in-house.
Ontic said the acquisition would provide the business with access to greater investment and infrastructure while maintaining continuity for existing customers.
JC Gallagher, chief executive of Ontic, said: “SIRS Navigation has built an outstanding reputation over more than half a century – a market-leading position, a loyal customer base, and a brand that is trusted across the industry.
“This acquisition is about providing continuity and long-term commitment to its customers, while giving the business a home where it can continue to thrive.”
The acquisition brings SIRS Navigation into an Ontic business spanning 10 sites and more than 1,900 employees, with activities covering the manufacture and support of aviation components.
Maisie Bylett, commercial director at SIRS Navigation, said: “Ontic is a strong strategic fit for our business, our people and our customers. Being part of a global aerospace business, with deep OEM and MRO expertise provides the scale, investment and long-term stability needed to continue to meet the high levels of quality, service and reliability our customers expect.
“This new chapter will build on our core values, whilst providing increased scale to support our customers.”
