Logic Group Caps First Phase of M&A Plan | Aviation International News

Logic Group Caps First Phase of M&A Plan

Italy’s Logic Group, with its recent purchase of Gelco, has completed Phase 1 of its M&A plan for creating “an international footprint.”

Logic Avionics SystemGroup designs, develops, and produces electronic systems for fixed and rotary wing aircraft.

By James Wynbrandt • Contributor - Business Aviation

July 20, 2022

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.

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