International aerospace group MB Aerospace has entered into an agreement to acquire Taiwan-based Asian Compressor Technology Services company Limited (ACTS), the company said.
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 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.
MB Aerospace, majority owned by The Blackstone Group, is a supplier of precision aero-engine components directly serving major aero-engine OEMs and 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 US, Europe and Asia with proximity to all key OEMs, overhaul networks and Tier 1 customers.