Patria has agreed to acquire 100% of the shares of NEDAERO, a leading Dutch specialist in defence and aerospace components and parts. NEDAEROs operations are located in Zevenaar and Alphen aan den Rijn in the Netherlands and the company has about 35 employees. NEDAERO has several decades of experience in manufacturing and MRO business in both the civil and military aviation industry. The transaction will be completed on April 1st, 2022.
This acquisition is part of Patria’s growth strategy execution where the main focus area is international maintenance and life cycle support business, particularly in Europe. NEDAERO will be re-named Patria Netherlands to highlight the synergies of joining Patria Group.
“NEDAERO joining Patria is an interesting milestone in our growth strategy. Patria has a long history and solid know-how in aircraft maintenance, including their engines and components, in Finland and internationally, and this acquisition strengthens Patria´s capabilities further as well as expands the international footprint to the Netherlands. We are committed to continue the excellent work done so far in the company, as well as the high-quality standard which customers expect of us. I also want to welcome NEDAERO’s personnel to be part of Patria, and I am convinced that together we will be stronger and more competitive, which enable us to develop this business further”, states Jukka Holkeri, Executive Vice President of Patria’s Global Division.
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“Over the past five years, NEDAERO has doubled its revenue and further growth opportunities lay ahead. Being part of Patria provides significant chances to further accelerate this growth. We look forward to working together and ensuring our customers even more services in future”, says Ruud Kleinendorst, CEO and President of NEDAERO.
The acquisition does not change commitments towards the customers or terms of employment for NEDAERO employees or other commitments of the company and is in full compliance with legal requirements. As a consequence of this acquisition, the official name of NEDAERO will be changed to Patria Netherlands, and communications will be built around the Patria brand. A few months’ transition period to implement Patria’s brand into the new unit is foreseen.
Date: Mar 11, 2022
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