JBT Corporation Signs Agreement to Purchase LEKTRO, Inc.

Jan. 22, 2019
JBT Corporation announces that an agreement is now in place for the acquisition of LEKTRO, Inc, a leader in the design, manufacture, and supply of high-quality, all-electric towbarless tow and pushback vehicles.

Chicago (January 22, 2019) -- JBT Corporation (NYSE: JBT) is pleased to announce that an agreement is now in place for the acquisition of LEKTRO, Inc. by JBT. LEKTRO is a leader in the design, manufacture, and supply of high-quality, all-electric towbarless tow and pushback vehicles for the business jet and commercial aviation market.

“We are excited to be part of JBT,” said Eric Paulson, owner of LEKTRO. “Together our companies will provide customers a global sales and support presence, a much broader portfolio of products and services, and deeper engineering capabilities for future product development.”

LEKTRO’s family of all-electric towbarless vehicles is a great complement to JBT AeroTech’s expanding line-up of diesel tow tractors and other ground support equipment (GSE) products that include deicers, cargo loaders, belt loaders, mobile stairs, pre-conditioned air carts, and ground power units. Located in Warrenton, Oregon, LEKTRO will join with JBT AeroTech’s GSE business unit to provide an industry leading line up of aviation solutions.

“LEKTRO’s reputation for great customer service and products that are easy to operate, easy to maintain, and highly reliable makes it an ideal fit for JBT AeroTech,” noted Dave Burdakin, EVP and President of JBT AeroTech.

With the leadership at LEKTRO remaining unchanged, that focus on great products and great service will continue under JBT.