French MRO group Sabena Technics has disclosed its acquisition of compatriot provider New EAS.
The transaction was completed in February, says the buyer, and the New EAS site at Perpignan-Rivesaltes airport has been rebranded as Sabena Technics PGF. A total of 165 staff are employed across three hangars at the facility.
"Thanks to the implementation of a brand-new organisation and support of the group's other subsidiaries... the Perpignan site has reached an occupancy rate of 100% only a month after its acquisition," says Sabena Technics.
Chief operating officer Philippe Rochet describes the acquisition as "perfectly aligned" with Sabena Technics' strategy of strengthening the group's standing in a "very dynamic" MRO market.
The Perpignan site – supporting narrowbody and widebody types for civilian and military operators – will complement Sabena Technics' existing facilities and enable the group to provide customers with "extended services with ever more quality and competitiveness", Rochet asserts.
Sabena Technics has facilities in Bordeaux, Dinard, Nimes and Toulouse, as well as a jointly operated component repair shop with Air France-KLM's technical arm in Singapore.
Among the Perpignan site's recent MRO projects was an Airbus A330-300 check undertaken on behalf of Air France Industries.
In late 2018, Sabena Technics revealed that parent company TAT Group had entered exclusive talks with an investor consortium – which included Bpifrance alongside Power Corporation of Canada's Paris-based private equity arm Sagard and the Anglo-US investment firm TowerBrook – to sell a majority shareholding in the MRO provider. The transaction is to be completed by June.