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Daher to acquier Quest Aircraft Company

News International-French

13 Jun 2019

Daher – producer of the TBM family, the fastest turboprop aircraft in its category – is taking a major step in developing the company’s airplane manufacturing business with the planned acquisition of Quest Aircraft Company, based in Sandpoint, Idaho, USA, which builds the Kodiak 100.

Quest Aircraft Company, based in Sandpoint, Idaho, USA, which builds the Kodiak 100.

Quest Aircraft Company, based in Sandpoint, Idaho, USA, which builds the Kodiak 100.

Through this major acquisition, Daher is enhancing its presence in the general and business aviation segment by offering a wider multi-product range. Already well known for its TBM 910 and TBM 940 very fast turboprop aircraft, Daher’s airplane portfolio has now expanded to include the Kodiak 100.

With this acquisition, Daher strengthens two of its strategic pillars by:

  • Reinforcing its aircraft manufacturing business and consolidating the company’s leading position in the turboprop segment by widening the product family,
  • Achieving a major milestone in the growth of its North American industrial and services operations.

With more than 270 Kodiak aircraft in operation, this all-terrain multi-mission aircraft is used worldwide by air-taxi, recreational and leisure operators, along with businesses, pilot-owners and humanitarian organizations.

Didier Kayat, Daher, CEO
Daher CEO Didier Kayat said:

“The Quest Aircraft Company’s acquisition represents an additional step in our development in the United States and an overall strengthening of our aircraft manufacturing business. In addition to making Daher the world’s seventh largest aircraft manufacturer in business aviation, it provides us with our first industrial site in the United States, thereby reinforcing Daher’s position as a Tier-1 aerospace equipment and systems manufacturer, as well as a logistics and services provider. This key acquisition for Daher is perfectly aligned with the strategy of intensifying our company’s links with the North American market’s leading aerospace players.”

In addition to its development and purchasing synergies, the Quest Aircraft Company’s acquisition offers excellent commercial, technological and geographical complementarities. With more than 150 years of know-how, Daher now intends to invest in this production platform to offer an enhanced services and sales network.

Patrick Daher, Daher Chairman
Daher Chairman Patrick Daher stated:

“Quest was built on a foundation of values that are common to our two companies, with a focus on excellence and with the commitment to a high-quality, extremely robust product. As a powerful and maneuverable aircraft – used particularly for humanitarian missions to provide aid to isolated communities – the Kodiak 100 perfectly complements our TBM product range and is fully in line with Daher’s long-term vision as a company committed to the future of aviation.”

The family-owned Daher Group ultimately plans to develop synergies with the two aircraft product lines, introducing technologies and functionalities for the Kodiak aircraft that have contributed to the successes achieved by the TBM.

The Kodiak 100 builds by the Quest Aircraft Company, based in Sandpoint, Idaho, USA

The Kodiak 100 builds by the Quest Aircraft Company, based in Sandpoint, Idaho, USA
 

Nicolas Chabbert, Senior Vice President of the Daher Aircraft Business
Nicolas Chabbert, Senior Vice President of the Daher Aircraft Business Unit explained:

“The Kodiak 100 is an aviator’s aircraft, just like the members of our TBM family, and we are happy to bring together two communities of passionate pilots and operators with the acquisition of Quest. We also are particularly pleased to welcome the 240 employees based in Sandpoint, Idaho to the Daher Group.”

Robert Wells the Quest Aircraft Company’s CEO
Robert Wells the Quest Aircraft Company’s CEO said:

“The know-how of Quest and Daher opens the potential for rapid growth, with the combined operation becoming a key international player. Our teams share the values for craftsmanship and quality, as underscored by Quest’s motto: ‘Built by hand in Sandpoint, Idaho."


 

The acquisition’s closing is expected to be completed by the end of 2019, subject to approval by the appropriate authorities in both countries.

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