Lithuanian MRO company FL Technics is taking over UK line maintenance provider Storm Aviation.
The two firms have inked an agreement to complete the acquisition by the end of this month, said Storm Aviation chief executive Nigel Daniel.
The Luton-based company operates a network of 17 line maintenance stations, 10 of which are in the UK with the remainder across Europe.
The UK stations are at Gatwick, Heathrow, Birmingham, Manchester, Glasgow, Cardiff, Newcastle, Aberdeen, Norwich and Bournemouth airports.
The European line maintenance stations are in Bucharest and Targa Mures in Romania; Brno, Czech Republic; Gdansk, Poland; Ibiza, Spain as well as Larnaca and Paphos in Cyprus.
FL Technics has line maintenance stations at its base in Vilnius, Lithuania; Almaty, Aktau and Shymkent in Kazakhstan; Krasnodar, Russia; Dushanbe, Tajikistan as well as Milan Malpensa in Italy.
The acquisition follows a decision by FL Technics' Vilnius-based parent, Avia Solutions Group, early this year to establish 20 new line maintenance stations by the end of 2012.
Daniel said he is "delighted" about the takeover as it offers the UK firm access to a "huge market area" in Eastern Europe and the CIS region.
Given that FL Technics has so far concentrated on narrowbody and regional aircraft while Storm Aviation offers also services for widebody aircraft, including the Airbus A330, A340, A380 and Boeing 747, 767, 777, there are opportunities to benefit from each other's capabilities, said Daniel.
Storm Aviation was established in 1996 and was bought out by its management in 2004.
As part of its growth strategy, FL Technics said that it also wants to expand "rapidly its warehouse portfolio capabilities" and offer full logistical support of spare parts and components.