Safran SA completed the acquisition of Component Repair Technologies.

Safran, a French multinational aircraft engine, rocket engine, aerospace-component, and defense company, completed the acquisition of Component Repair Technologies, an FAA-certified repair station that specialized in gas turbine engine component repairs for the aviation and aeroderivative industries. Financial terms were not disclosed. “We are proud to become part of one of the world’s foremost aerospace companies, which shares the same values as us. We are also excited to combine CRT and Safran Aircraft Engines' expertise to further develop our workforce and technological skills — the keys to CRT’s success for over 40 years — and to bring even greater added value to our customers in the Americas and beyond,” Richard Mears, Component Repair Technologies President.