- Logic Avionics SystemGroup announces a further step in its Merging and Acquisition
Farnborough. 20 July 2022. With the recent acquisition of a majority stake of Gelco SpA, the Logic Group, that includes the subsidiaries Blu Electronic and Gemelli, has grown from 20.1 MEur of
Revenues (FY17) to 49 MEur of Revenues (FY22 est. data) with 6.5 MEur of EBITDA and
over 250 employees in 4 different facilities across Italy.
This important milestone for the company that this year celebrates 60 years of operations as Tier-1 partner of the major international OEMs, confirms the effectiveness of its strategic development process, both organic and inorganic, launched 5 years ago.
Logic CEO, Alessandro Franzoni,states: "We are very proud to have completed this first
stage of our strategic development plan. This will provide the Group with a solid base to
continue the process towards an international footprint. Our M&A plan has as its purpose
the reinforcement of the technological and industrial bases to make the Group growing on
the value chain.
At Logic, growth is not a slogan, is a mind-set.”Gelco CEO, Enzo Mancini, states: “Teaming with Logic represents a great opportunity for Gelco to continue its development path with new energy. The synergies among Gelco and the other companies of the Logic Group will provide benefits on production, supply chain
and general costs. Moreover, synergies on space and defence activities will further boost
the Group expansion.”
The firms MAYS International and Gianni & Origoni are supporting Logic Group in its M&A
strategic plan. As part of its organic development, Logic has become System Integrator for Electrical
Power Systems, helicopters Full Ice Protection Systems, InterCommunication Systems and has recently obtained EASA Part 21 J (A)DOA approval, which is leading to first (E)TSO in 1 st quarter 2023 for a Back Up Flight Instrument.
Our safety critical Electro Mechanical Actuators are powering the primary flight controls of
a modern advanced trainer aircraft. Logic Group is actively involved in the co-development program of a new brushless Starter/Generator 28 VDC with Phase Motion Controls. The company is investing in
enabling technologies for power management and distribution of hybrid propulsion system
that will power future aircraft.