Egeria acquires MAAS Aviation, aircraft painting company.

Egeria, an Amsterdam based investment company, has acquired a majority interest in the MAAS Aviation Group. The company’s executive management team has retained a minority interest in the company. Financial terms were not disclosed. MAAS Aviation is one of the leading commercial aircraft painting companies in the world with operations in The Netherlands, Germany and the USA. The investment by Egeria provides the company with the financial backing and support to enable management to deliver further planned growth and to meet known opportunities driven by the increase in demand for aircraft painting as a result of the macro growth drivers in the global aviation sector. "The company has achieved significant organic growth in recent years and the time is right to back this up with Egeria’s support which will assist and indeed accelerate further international growth." Tim Macdougald, MAAS Aviation CEO.