ACTS and El Salvador-based Aeroman
will continue to operate as independent business units when the ACE Aviation
subsidiary acquires a controlling interest in the Central American maintenance
repair and overhaul (MRO) firm from Grupo
are no plans to merge both operations,” says Grupo TACA in a statement.
adds that both companies will continue to hold its own board of directors “and
internal organization”, although “emerged synergies will be taken into
deal, announced this morning, will see ACTS pay $44.7 million for an 80%
holding in Aeroman, while Grupo TACA will be given rights
to acquire a stake in ACTS that is expected to represent less than 7% of the
Canadian maintenance firm’s total equity.
figure will be confirmed at the time of ACTS’ monetization.
ACTS provides aircraft maintenance services, including airframe, engine and
components to about 100 global customers. With a workforce of nearly 3,800
employees, it has major bases in Montreal,
Toronto, Winnipeg and Vancouver.
at the El Salvador
about 45min from the city of San Salvador,
Aeroman provides repair and
heavy maintenance services to Airbus A320 family aircraft, A300s and Boeing
727s, 737s, 757s and 767s. It also provides engine maintenance services for the
General Electric CF6-80, CFM International CFM56-3, Pratt & Whitney JT8D,
International Aero Engines V2500 and Rolls-Royce RB211.
March 2005, Aeroman became
a founding member of the Airbus MRO Network, an organization of MRO providers
selected by the European manufacturer to provide maintenance and repair
services for its model aircraft.
Aeroman’s geographic position
“agrees with ACTS objectives, as far as both companies pursue to enter new
markets by serving airlines with North and South American bases of operation”,
says Grupo TACA.