Italy’s Logic Avionics SystemGroup recently took a majority stake purchase of electronics specialist Gelco, capping the first phase of a mergers and acquisition strategy launched five years ago. Under its M&A plan, Logic Group, whose subsidiaries include Blu Electronic and Gemelli, has grown from some €20.1 million in revenues in 2017 to a forecast €49 million in 2022.
Logic CEO Allessandro Franzoni said it now has “a solid base to continue the process towards an international footprint.”
Meanwhile, as part of its organic development, Logic has become a system integrator for electrical power systems, helicopter full ice-protection systems, intercom systems, and recently obtained EASA Part 21 J (A) DOA approval, which it expects will result in its first ETSO—for a backup flight instrument in the first quarter of 2023. The group also actively participates with Phase Motion Controls in the development of a brushless 28-VDC starter/generator.
Mays International and Gianni & Origoni support Logic Group, founded in 1962, with its M&A plan.