Market Insider 2017/10/27
http://markets.businessinsider.com/news/stocks/MB-Aerospace-Group-to-Acquire-Asian-Compressor-Technology-Services-1005814629
MB Aerospace Group to Acquire Asian Compressor Technology Services
Move Into Asia Takes Global Headcount Above 1,700
International aerospace group MB Aerospace has today (27 October) announced
it has entered into an agreement to acquire Taiwan-based Asian Compressor
Technology Services Company Limited (ACTS). The business will trade as MB
Aerospace ACTS (Taiwan) once legal completion has been finalised, likely to
be in January 2018.
ACTS was founded in 1995 as a joint venture by Pratt & Whitney, China
Airlines and Singapore Airlines Engineering Company to provide in-house
repair of aero-engine components within the turbine and compressor sections
of gas turbine aero-engines.
ACTS, which employs over 100 specialist and technical staff, is a leading
global provider of aero-engine component repair services to Pratt & Whitney's
overhaul network, giving MB Aerospace a highly-performing footprint in the
rapidly-growing Asian market and taking overall employee numbers above 1,700
across the United States, Europe and Asia.
From a well-invested site close to the logistics hub of Taipei Taoyuan
International Airport, ACTS is now a global player in the repair of
performance-critical compressor and turbine components. Since it was founded
over two decades ago, ACTS has developed a market-leading reputation for
service and customer performance, whilst developing strengths in key
technologies including brazing and vacuum brazing, thermal spray coating,
laser holography, water jetting, auto-welding and rubber/epoxy solutions.
Craig Gallagher, MB Aerospace Chief Executive Officer, said: "This
acquisition greatly expands our capabilities in the repair sector and gives
us a crucial geographical presence in the fast-growing Asian market.
"ACTS already serves a diverse customer base globally and its truly
world-class servicing capabilities on performance-critical rotating
components will now operate in synergy with our high-volume compressor and
turbine component manufacturing facility at MB Aerospace Newton Abbot in the
UK. Expanding our capabilities in the turbine and compressor sections of the
aero-engine is a key strategic objective for MB Aerospace and we have
ambitious plans for further growth and investment in both Taiwan and Newton
Abbot.
"This is a hugely exciting and positive deal for everyone involved. Taiwan is
a global centre for manufacturing innovation and the Taiwan government's
stated aim of supporting aerospace manufacturing is also a very attractive
factor for us as we look to expand operations there.
"ACTS provides a tremendous platform for further growth in Asia - we are
buying a high-performing company that has been operating at UTC Supplier Gold
status for over 70 consecutive months. This established, world-class
performance standard will give MB Aerospace a solid footing to serve global
aero-engine customers that demand high quality, performance-critical repairs
with fast turnaround times and cost-competitive repairs on critical rotating
components in the hot section of the engine.
"We are also joining forces with a world-class senior management team at ACTS
who will help deliver our growth ambitions during an exciting time for the
industry. The global aircraft fleet is projected to double in the next 20
years and much of this demand will come from growth in Asian air traffic.
"In addition, it significantly deepens our already strong relationship in
servicing the global Pratt & Whitney overhaul network."
Notes to editors
About MB Aerospace - MB Aerospace, majority owned by The Blackstone Group, is
a leading supplier of precision aero-engine components directly serving major
aero-engine OEMs and leading Tier 1 suppliers. MB Aerospace's focus on
complex performance critical components leverages a depth of technical and
engineering understanding across the full range of materials, manufacturing
processes and customer approvals to be a truly trusted and scaled partner to
the main aero-engine OEMs. MB Aerospace has developed a highly attractive
global operating footprint, with more than 1,700 employees across eight
locations (including three FAA approved Repair Stations) in the U.S., Europe
and Asia with proximity to all key OEM and Tier 1 customers.
英國的MB Aerospace將收購台灣的華普公司
華普公司是由普惠、華航及新航聯合出資成立的公司，由普惠佔有最主要股份
MB Aerospace是黑石資本旗下的航太OEM及維修廠，在英國、美國及波蘭都設有工廠
這筆交易的最終結果可能將在2018年1月開始生效