Newsletter Subscription


Wednesday, April 1, 2015


ST Engineering's Aerospace Arm Completes Acquisition Of Volant Aerospace

Singapore Technologies Engineering Ltd (ST Engineering) today announced that further to the announcement made on 17 December 2012, Vision Technologies Aerospace Incorporated (VT Aerospace) has completed the acquisition of 100% equity interest in Volant Aerospace, LLC (Volant). The acquisition was completed following the fulfilment of customary conditions precedent.

With a current staff of approximately 60 specialists, Volant provides new and refurbished interior parts and support services to aircraft operators, leasing companies, integrators and maintenance, repair and overhaul (MRO) service providers. Volant will be managed as part of the aerospace sector’s global MRO network, working closely with ST Aerospace’s MRO subsidiaries, affiliates and in-house engineering and development centre, as well as its engineering design specialist, DRB Aviation to offer one-stop turnkey cabin retrofit services.


Related Research on ASDReports.com:
Global Military Helicopter MRO Market 2014-2018

The acquisition will not have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.

Your company’s press release on ASDNews and to thousands of other journalists and editors? Use our ASDWire press release distribution service.

Source : Singapore Technologies Engineering Ltd (SGX: ST Engg)

Published on ASDNews: Dec 31, 2012

 

Smart Airport Border Technology Middle East Conference

Mar 31 - Apr 2, 2015 - Abu Dhabi, United Arab Emirates

Register More info


© 2004-2015 • ASDNews • be the first to know • contact usterms & conditionsprivacy policyadvertisingfaqs

zpsk