Capital boost accelerates Acro’s growth plans

0

Acro Aircraft Seating is preparing to enter a new period of growth, having received a UK£7.75m growth capital investment from BGF (Business Growth Fund), a UK-based investment firm.

According to the partners (BGF has taken a minority shareholding in Acro and a seat on the board), BGF’s capital will be used to accelerate Acro’s product developments, with a ‘Series 8’ long-range economy seat now included in Acro’s plans.

Chris Brady, chief executive at Acro commented, “We’ve worked hard to grow Acro and by investing every scrap we’ve made in our staff, products and infrastructure, we have managed to double the size of the business every year for the past four years, but we still have ambitious plans. Our partnership with BGF will allow us to bring those plans to life, which is hugely exciting.”

Acro has grown rapidly in the global aircraft seating market, and in 2015 the company has delivered more than 25,000 seats, including seats for more than 120 aircraft in North America, flying for Spirit, Frontier, Hawaiian and Allegiant.

Share.

About Author

mm

Ever since his first flight on a TriStar, Adam has loved air travel, and since becoming editor of the Aircraft Interiors International brand he has really enjoyed the opportunity to be involved with the latest aircraft and airline products before they are even launched. Adam co-ordinates the running of the magazine, from commissioning articles and artwork, to ensuring that high standards of quality are maintained, as well as managing online content. Adam is proud to sit on the jury of the Crystal Cabin Awards and to have laid on the bed in Etihad's Residence.

Comments are closed.