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Patria sells its shareholding in Engines Service Partners Svenska AB

(September 13, 2010) -- Recently Recotech AB has acquired GSE Partners AB and its subsidiary ES Partners Svenska AB (ESP). All three companies have a common history and heritage in the aviation industry, and are located in Arboga Science Park in Sweden.

Connected to this ownership change Patria has sold its minority shareholding of 19.9% of ESP to Recotech AB. ESP offers tailor-made services in engine life cycle support and is active in small aero-engine maintenance, employing currently 12 highly skilled specialists.
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Patria welcomes the Recotech full ownership of ESP with satisfaction as it will give synergy effects and power to growth for the company and gives also a wider range of services and offers to customers. Patria is looking forward to working in close cooperation with the new Recotech Group as a reliable service provider in the Nordic region

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Source : Patria Oyj

Published on ASDNews: Sep 14, 2010

 

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