The OSHKOSH $820 million acquisition of JBT AeroTech was successfully completed on 1 August, following the strategic decision announced last year by JBT’s CEO, Brian Deck to separate JBT’s FoodTech and AeroTech business.
OSHKOSH Corporation is a Fortune 500 company US-based industrial technology company, one of the world’s largest manufacturer of fire trucks that comes under its vocational business segment which JBT AeroTech now joins.
Jim Johnson, OSHKOSH Corporation Executive Vice President and President, Vocational, said: ”We made the acquisition because we think JBT AeroTech is a fantastic company, primarily the people and equipment that you see here today but also this is a growing market. The airport infrastructure spending project happening today and the projected growth over the next decade correlates with increased projected passenger traffic, so we’re excited because we purchased a great company in a growing market.”
David Burdakin, President of JBT AeroTech told the press: “We couldn’t be more excited. Just like JBT AeroTech, OSHKOSH designs and builds products for maximum reliability. But it’s more than just the products, the most important thing is the culture, and we have very similar values that are people oriented. One of the key OSHKOSH values is people first and that’s a great foundation and great culture, and we’re already experiencing that benefit.”
JBT AeroTech now has access to a much larger supply chain. “Our buying clout has gone up five times, so it makes large suppliers more interested or more important to our suppliers. It also opens up the door to new suppliers, which is really important right now, as we continue to ramp up to record production,” said Burdakin.
Also on growth opportunities he added: “We’re looking at growth, not just through new products and product technology, but also potentially through acquisitions.”
Other positive synergies to come out of the acquisition centre around the R&D capabilities of both companies with OSHKOSH working on the same technologies as JBT AeroTech in the areas of electrification, sustainability and automation.
One of the innovative solutions on display at the Expo is the new Ampcart towable charging platform which has been designed to help overcome charging infrastructure challenges at airports.
It provides electrical power to stations or parts of the airport where there is no charging infrastructure and allows them to switch their GSE from diesel to electric.
Other exciting technologies Burdakin mentions are JetDock and AmpTeck, a load sharing technology, with 7 already in production. It draws power off of a passenger boarding bridge when it’s not in use thanks to its smart technology, allowing efficient eGSE charging without costly infrastructure and grid upgrades.
“When there is no aircraft at the gate, you can utilize that power for charging stations or the passenger boarding bridge without any additional infrastructure feeding into the airport,” explained Burdakin.
Other technologies and GSE at the Expo included the Ranger Electric Cargo Loader and B250 Electric Pushback Tractor and the Tempest-i Deicer as well as LEKTRO tow vehicles and more.
Chuck Durst, President – Ground Support Equipment, JBT AeroTech, said: “Our presence at the International GSE Expo is about more than just showcasing products. It’s about focusing on the future needs of the aviation industry and sharing our vision for sustainable, efficient and reliable ground operations. Our featured equipment and advanced technology are designed to revolutionise ground support equipment and services and the demands of this industry for many years to come.”