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MRO provider Revima to be sold

Investment house Ardian is set to acquire a majority shareholding in Revima in a bid to accelerate the French APU and landing-gear MRO firm's international expansion.

Revima says its parent company Argos Wityu has opened exclusive talks about the acquisition with Paris-headquartered Ardian.

No financial details of the transaction have been disclosed, apart that under the planned deal, Argos Wityu and Revima president Olivier Legrand will "re-invest" in the business alongside Ardian. Completion of the acquisition is subject to regulatory approval.

Ardian managing director Yann Bak describes Revima as a "fast-growing company positioned in a very promising niche market".

"We will use our experience and network to expand the group's international presence and further accelerate its commercial development," he adds.

Headquartered in Caudebec-en-Caux, northwest of Rouen, France, Revima generated revenues of €280 million ($319 million) in 2018.

The company, which employs 750 staff, says that it is "ideally positioned" for growth, noting previous investment in its French site and an on-going effort to establish a landing-gear shop near Bangkok, which is scheduled to open in 2020.

Additionally, the MRO provider is making efforts to grow its business through acquisitions, with exclusive negotiations under way to purchase an engine part repair operation and a predictive maintenance specialist.

"Our priority is for Revima to become a global player, expanding its skills and know-how into new areas, and to be closer to its customers," Legrand states.

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