ROCKFORD, Ill. (WIFR) – New management is set to take over Rockford-based Kaney Aerospace.
On Tuesday, Velocity One, an aerospace and defense company headquartered in Hoboken, New Jersey, announced it completed the acquisition of Kaney Aerospace.
“The addition of Kaney Aerospace marks an important step in our strategy to build Velocity One into a scaled, differentiated aerospace and defense platform. Kaney brings deep technical experience, longstanding customer relationships, and a strong track record in highly engineered actuation and power solutions. We are committed to preserving the strengths that have driven their success while providing them with the resources to grow. Together, we aim to expand capabilities, serve customers more broadly, and invest in the next phase of innovation,” said Velocity One CEO John Borduin in a news release Feb. 24.
“Velocity One’s financial backing and leadership strengthens our ability to fund breakthrough R&D and advance higher-performance products that meet the evolving needs of aerospace and defense customers,” said Jeffrey J. Kaney Sr., Kaney Aerospace CEO.
About Kaney Aerospace
Kaney Aerospace specializes in electromechanical actuation, motion control and advanced power solutions for aerospace and medical applications…