Engines
Precision Aviation To Acquire PTB Group
Precision Aviation Group's acquisition of PTB Group will expand its markets in turboprop engines as well as supply chain services.
PTB Group's engine services will help Precision Aviation Group expand that part of its business. (Photo: Pacific Turbine)
PTB Group's engine services will help Precision Aviation Group expand that part of its business. (Photo: Pacific Turbine)

Precision Aviation Group (PAG), which provides a range of products and services to the aerospace and defense industries, plans to acquire PTB Group through a definitive agreement between the companies. Financial terms of the transaction, which is expected to close in the fourth quarter, were not disclosed. PTB is listed on the Australian Securities Exchange.