Announced
Financials
Sources
Tags
Friendly
Acquisition
jet engines
Single Bidder
Private
Defense
maintenance services
Pending
Belgium
Synopsis
Patria, an international defense company, acquired 100% of the shares of Belgium Engine Center, a military jet engine maintenance, repair, and overhaul center, from AIM Norway to further strengthen BEC’s capabilities and business. Financial terms were not disclosed. “The purchase of BEC is an important milestone for Patria. Growth in international maintenance operations is at the core of our strategy. Patria has a long history and solid know-how in aircraft maintenance, including their engines, both in Finland and other Nordic countries, and now with this acquisition, this business will be expanded”, states Jukka Holkeri, President of Patria’s International Support Partnerships business unit.
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