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TurbineAero acquires part repair business of APU from Triumph Aviation
TurbineAero, an Arizona-based APU/MRO service provider, has announced it has acquired the APU piece part repair product line (RPL) from Thailand-based Triumph Aviation Services Asia, Ltd., the company said.
TurbineAero is a portfolio company of Los Angeles-based investment firm The Gores Group.
The acquisition of this business segment integrates APU piece part repair into the APU Systems MRO in TurbineAero´s Asia facility which increases in-house capabilities, improves turn-times and assures extra cost reduction.
The integration will take place in TurbineAero Asia´s new Thailand based 80,000-square-foot facility, which will house up to 250 employees and will handle high technological testing, maintenance, repair and overhaul activities for aircraft components and systems for our worldwide customers, including APU MRO, LRUs and APU part repair.
TurbineAero, Inc. is an APU MRO service provider of comprehensive, flexible and reliable solutions to the global aerospace community. As the largest independent APU MRO globally, TurbineAero repairs, sells, leases, tests, and certifies APU and related parts accessories. TurbineAero currently has four locations; three business units are located near Phoenix, AZ and the fourth is just outside of Bangkok, Thailand.
The Gores Group is a global investment firm focused on partnering with differentiated businesses that can benefit from its extensive industry knowledge, decades long experience and flexible capital base.
BY Gulli Arnason - January 18, 2019
Source: financial-news.co.uk
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TurbineAero: Website
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