Transition Corporate Finance
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Pratt & Whitney acquired AIIR Innovations
Transition Corporate Finance Completes Transatlantic M&A Deal Acting as Sell-side Advisor to Netherlands-based Aerospace AI Company AIIR Innovations in its Sale to the Pratt & Whitney Division of US-based Listed Company RTX (NYSE:RTX)
Amsterdam (27 May 2026) – Pratt & Whitney, an RTX business, is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units for military, commercial and civil aviation customers. Today more than 90,000 in-service engines are supported through a global network of maintenance, repair and overhaul facilities. US-based RTX, with more than 180,000 global employees, advances aviation, engineer integrated defense systems, and develops next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company reported more than $88 billion in 2025.
Pratt & Whitney has announced the acquisition of Netherlands-based AIIR Innovations (“AIIR”), a pioneer in AI-powered software solutions for modern borescope inspections. The acquisition enables Pratt & Whitney to further enhance its digital maintenance, repair, and overhaul (MRO) capabilities, leveraging Aiir’s cutting-edge technology to accelerate engine inspection processes, increase accuracy, and reduce turnaround times for global aviation customers. Transition Corporate Finance (TCF) acted as exclusive M&A advisor to the shareholders of AIIR, a diverse group of dedicated founders, employees and venture capital firms, in the sale to Pratt & Whitney.
TCF represented: Seller
Transaction type: M&A
Countries involved: Netherlands, United States
Industry: High Tech
Transitions: Automation, AI
The main drivers for M&A activity within aviation technology and digital MRO are the growing demand for fleet operational efficiency, safety enhancement, and the rapid integration of artificial intelligence into critical inspection workflows. By combining hardware capabilities with advanced software solutions, industry leaders can significantly scale their service ecosystems to meet shifting global fleet demands.
“Broadening the integration of AI-assisted inspection capability strengthens our ability to detect issues earlier, improve turnaround times, increase time on wing and reduce operational disruption for our customers,” said Rob Griffiths, senior vice president, Commercial Engines Operations at Pratt & Whitney. “It will fundamentally reshape how engines and components are inspected, maintained and supported throughout their lifecycle, as we increase its application across Pratt & Whitney.”
Willem op de Hoek, Partner at TCF adds: “It has been very exciting to witness AIIR contributing to the major paradigm shift of AI integration into critical industrial processes like engine maintenance. For a truly innovative tech scale-up, partnering with global aerospace powerhouse represents the ideal route to scale its technology globally. It has been an absolute pleasure to have been able to work alongside such a talented group of people.”
For more information about Transition Corporate Finance or other M&A-related topics, please contact us at willem.opdehoek@transitioncf.com or visit our website at www.transitioncf.com.
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