MRO & Manufacturing
Diehl Aviation Expands Aerospace Manufacturing with Querétaro Facility
Diehl Aviation inaugurates a new plant in Querétaro, Mexico, enhancing aerospace production for North America and urban air mobility markets.
Diehl Aviation’s inauguration of its new manufacturing facility in Querétaro, Mexico, marks a pivotal milestone in the company’s global strategy and underscores Mexico’s ascent as a world-class aerospace manufacturing hub. The facility, developed with a double-digit million Euro investment and spanning over 8,200 square meters, with plans for further expansion, positions Diehl Aviation closer to major North American clients such as Airbus, Boeing, Bombardier, and Embraer. This move is set against the backdrop of Mexico’s rapidly expanding aerospace sector, which ranks 12th globally and has been experiencing robust growth and export activity. The Querétaro site will initially produce overhead stowage compartments for the Airbus A220, with future plans to manufacture interior components for emerging urban air mobility platforms, signaling Diehl Aviation’s commitment to both established and next-generation aerospace markets.
This development is not just a reflection of Diehl Aviation’s growth ambitions but also of broader industry trends, including nearshoring, supply chain optimization, and the strategic importance of Mexico’s aerospace clusters. Querétaro, in particular, has emerged as a central node in the North American aerospace landscape, attracting significant foreign investment and fostering collaboration among industry, academia, and government. As Diehl Aviation integrates into this vibrant ecosystem, the implications for regional economic development, supply chain resilience, and technological advancement are substantial.
In this article, we explore the strategic rationale behind Diehl Aviation’s investment, the significance of Querétaro as an aerospace hub, the current state of Mexico’s aerospace industry, and the broader implications for global aerospace manufacturing and supply chains.
Diehl Aviation’s new manufacturing facility in Querétaro represents the company’s most significant step into the Americas to date. Located in the PyMe Industrial Park near Santiago de Querétaro, the facility initially offers over 8,200 square meters of production and office space, with a second expansion phase planned to add between 4,000 and 6,000 square meters. This substantial investment demonstrates Diehl Aviation’s long-term commitment to the region and confidence in Mexico’s aerospace capabilities.
The timeline for the Querétaro project began in 2024, with the company set to move into the facility in March 2025. Production started soon after the official inauguration, focusing on manufacturing overhead stowage compartments for the Airbus A220. These components are destined for Airbus assembly facilities in Mirabel, Quebec, and Mobile, Alabama, highlighting the facility’s role in serving North American markets. The workforce is expected to grow from about 20 employees at launch to around 500 over the medium term, reflecting a careful, phased approach to growth and training.
Beyond the Airbus A220 project, Diehl Aviation plans to expand the site’s capabilities to include interior components for Eve’s eVTOL aircraft, positioning the company to capitalize on the emerging urban air mobility market. The location in Querétaro offers operational advantages such as time zone alignment with final assembly lines in Brazil, Canada, and the U.S., reduced transport times to customers, and the ability to develop a robust local supply chain. These factors contribute to cost efficiency, supply chain resilience, and enhanced customer collaboration.
“The new site in Querétaro is a significant milestone for us. It allows us to be closer to our North American customers, optimize our supply chain, and tap into the region’s skilled workforce.” — Dr. Jörg Schuler, CEO, Diehl Aviation
The Querétaro facility is not just a manufacturing site, it is designed as a strategic customer collaboration hub. This approach enables Diehl Aviation to respond more quickly to customer needs, integrate feedback into product development, and strengthen relationships with major aerospace manufacturers in the Americas.
Querétaro has rapidly emerged as one of Mexico’s foremost aerospace clusters, attracting leading international companies and fostering a collaborative ecosystem that spans industry, academia, and government. Over 80 aerospace firms currently operate in the region, creating thousands of direct and indirect jobs and contributing to the state’s reputation as a magnet for foreign direct investment (FDI). The region’s infrastructure is a key enabler of its aerospace success. The Querétaro Intercontinental Airport, specialized industrial parks, and the presence of the Aeronautical University of Querétaro (UNAQ) provide logistical, operational, and workforce development support. The inauguration of a Sustainable Aviation Fuel (SAF) Laboratory at UNAQ further underscores the region’s commitment to innovation and sustainability in aviation.
FDI in Querétaro’s aerospace sector reached $292.8 million between 2006 and early 2024, ranking it among the top recipients nationally. Major manufacturers such as Bombardier, Safran, Airbus, and General Electric have established significant operations in the region. Bombardier’s facility, for example, employs approximately 1,200 people and manufactures complex components for business jets, demonstrating the depth of expertise and capability present in Querétaro.
Employment in Querétaro’s aerospace sector is on an upward trajectory, with projections indicating that the industry will exceed 12,000 jobs by 2024, an 18% increase over pre-pandemic levels. The Aerocluster Querétaro, the region’s aerospace industry association, has also grown, reflecting diversification into areas such as drone operations and advanced materials manufacturing.
“Querétaro’s aerospace cluster is a testament to Mexico’s ability to attract and retain world-class manufacturing operations, thanks to its skilled workforce, infrastructure, and collaborative environment.”
Mexico is now the 12th largest aerospace producer globally and the leading exporter of aerospace components in Latin America. The aerospace sector accounts for 29% of the country’s total exports and contributes 3.5% to GDP, reflecting its strategic importance to the national economy. The industry has maintained an impressive annual growth rate of over 14% for the past 15 years.
The sector’s value is projected to rise from US$11.2 billion in 2024 to US$22.7 billion by 2029, according to some estimates. This growth is fueled by Mexico’s strategic location, trade agreements such as the USMCA, and a skilled, competitively priced labor force. The industry directly employs about 60,000 workers and supports up to 1.4 million jobs across related sectors.
Mexico’s aerospace capabilities have evolved from basic assembly to the production of complex, high-value components such as wire harnesses, engines, fuselages, and interior systems. The adoption of advanced manufacturing technologies, including artificial intelligence, automation, and Industry 4.0 practices, has enhanced productivity, quality, and supply chain integration. These technological advancements, coupled with robust training programs and partnerships with educational institutions, have made Mexico a preferred destination for aerospace investment.
Foreign direct investment remains strong, with more than $3.7 billion invested since 2006 and over $750 million expected in 2024 alone. The country’s aerospace ecosystem is distributed across 19 states, with 386 companies operating 370 specialized plants as of mid-2024.
“Mexico’s aerospace industry has become a cornerstone of our manufacturing economy, driving exports, employment, and technological innovation.”
Diehl Aviation’s Querétaro facility is central to the company’s strategy of enhancing its market position and strengthening relationships with key customers. Proximity to major OEMs such as Airbus, Boeing, Bombardier, and Embraer allows for faster response times, improved collaboration, and reduced lead times, all of which are critical in the highly competitive aerospace sector. The partnership with Airbus is particularly noteworthy. Diehl Aviation has been selected to develop and produce the Airspace XL Bins for the Airbus A220, offering 20% more stowage capacity than previous models. This marks Diehl Aviation’s first representation on the A220 platform and demonstrates its ability to deliver innovative, customer-focused solutions.
In addition to established markets, Diehl Aviation is positioning itself in the emerging eVTOL segment through its collaboration with Eve Air Mobility. The company will design and produce the entire interior for Eve’s eVTOL aircraft, including advanced lighting systems and eco-efficient materials. This partnership exemplifies Diehl Aviation’s commitment to innovation and its ability to adapt to evolving market demands.
The Querétaro facility is expected to serve as a collaborative space for customer engagement, similar to Diehl Aviation’s Customer Collaboration Space in Everett, Washington. Such facilities enable face-to-face meetings, technical demonstrations, and the integration of customer feedback into product development.
“Our proximity to key customers allows us to be more agile and responsive, which is essential in today’s dynamic aerospace market.”
The establishment of the Querétaro facility is a strategic response to supply chain challenges that have affected the aerospace industry since the COVID-19 pandemic. Diehl Aviation has implemented measures such as inventory buffers, dual sourcing, and supplier support to mitigate disruptions and ensure reliable delivery to OEMs.
The facility’s location reduces transit times and enhances supply chain resilience, while the phased approach to workforce development ensures that employees are properly trained to meet stringent safety and quality standards. The integration of advanced manufacturing technologies and best practices from Diehl Aviation’s global operations further supports operational excellence.
Sustainability is a core focus, with innovations such as ECO Thermoplastic Ducting and ECO Powder Coating being integrated into manufacturing processes. These technologies reduce weight, improve efficiency, and support environmental objectives without compromising performance.
“Sustainable manufacturing is not just an option; it’s a necessity for the future of aviation.”
Diehl Aviation’s entry into the eVTOL market, through its partnership with Eve Air Mobility, highlights the company’s forward-looking approach to technological innovation. The development of advanced interior systems for electric aircraft requires new design paradigms, materials, and safety systems tailored to urban air mobility.
Artificial intelligence and digitalization are increasingly integral to aerospace manufacturing. The Querétaro facility will leverage AI-driven automation, predictive maintenance, and Industry 4.0 technologies to enhance efficiency, quality control, and traceability. The company’s experience in avionics and cabin management systems, coupled with its involvement in major European and international aerospace programs, positions it to contribute to the development of autonomous flight systems and next-generation aviation technologies.
“By investing in advanced manufacturing and digitalization, we are building the foundation for the next era of aerospace innovation.”
Diehl Aviation’s Querétaro facility is expected to have a significant economic impact, both locally and nationally. The planned workforce expansion to 500 employees will contribute to regional employment growth, while the development of local supply chains will create additional opportunities for suppliers and service providers.
The aerospace sector’s multiplier effect extends to indirect and induced employment, supporting a wide range of industries beyond manufacturing. The facility’s contribution to Mexico’s export capacity, tax revenues, and regional competitiveness further underscores its importance to economic development.
High-profile investments like Diehl Aviation’s also serve as a catalyst for further FDI, signaling the region’s attractiveness to other international aerospace companies and strengthening Querétaro’s position as a global aerospace hub.
Diehl Aviation’s expansion into Mexico reflects broader global trends in aerospace manufacturing, including nearshoring, supply chain diversification, and increased demand for aerospace products and services. The USMCA framework provides additional advantages for companies serving North American markets, such as favorable tariffs and regulatory alignment.
The company’s investment supports its competitive positioning by enhancing proximity to customers, accessing skilled labor, and leveraging cost efficiencies. Sustainability, regulatory compliance, and technological innovation are increasingly important differentiators in the global aerospace industry.
As the industry evolves, Diehl Aviation’s strategic investments in Mexico and elsewhere will be critical to maintaining its leadership in an environment characterized by rapid change and high standards.
“Strategic investments in supply chain resilience and proximity are shaping the future of global aerospace manufacturing.”
Diehl Aviation’s Querétaro facility represents a significant step in the company’s global expansion and reflects the broader transformation of aerospace manufacturing in North America. The investment strengthens Diehl Aviation’s relationships with key customers, enhances supply chain resilience, and positions the company to capitalize on both established and emerging market opportunities. As Mexico’s aerospace industry continues its impressive growth, strategic investments like Diehl Aviation’s will play an increasingly important role in shaping the future of the sector. The Querétaro facility serves as a model for how international aerospace companies can leverage Mexico’s capabilities, infrastructure, and workforce to achieve operational excellence and drive innovation in a rapidly changing industry.
What products will Diehl Aviation manufacture at the Querétaro facility? Why did Diehl Aviation choose Querétaro for its new site? How will the new facility impact employment in the region? What is the significance of Mexico’s aerospace industry globally? How does Diehl Aviation address sustainability in its operations? Sources: Diehl Aviation
Diehl Aviation’s Strategic Expansion into Mexico: A Comprehensive Analysis of the Querétaro Facility and Its Impact on North American Aerospace Manufacturing
Diehl Aviation’s Strategic Investment in Querétaro
Querétaro as Mexico’s Aerospace Manufacturing Hub
Mexico’s Aerospace Industry Landscape and Growth Trajectory
Strategic Market Positioning and Customer Relationships
Supply Chain Optimization and Manufacturing Excellence
Technological Innovation and Future Market Trends
Economic Impact and Regional Development
Global Industry Context and Competitive Dynamics
Conclusion
FAQ
The facility will initially produce overhead stowage compartments for the Airbus A220 and plans to expand into manufacturing interior components for Eve’s eVTOL aircraft in the future.
Querétaro offers operational advantages such as proximity to major customers, skilled workforce, robust infrastructure, and a collaborative aerospace cluster environment.
Diehl Aviation expects to grow its workforce from around 20 employees at launch to approximately 500 over the medium term, contributing to local employment growth and regional economic development.
Mexico is the 12th largest aerospace producer in the world and the leading aerospace exporter in Latin America, with strong growth, advanced manufacturing capabilities, and significant contributions to employment and exports.
The company integrates sustainable manufacturing technologies such as ECO Thermoplastic Ducting and ECO Powder Coating, aiming to reduce environmental impact while maintaining high performance.
Photo Credit: Diehl Aviation
MRO & Manufacturing
Brookhouse Aerospace Acquires Parker Precision to Expand Engineering Capabilities
Brookhouse Aerospace acquires Parker Precision to integrate CNC turning, milling, and grinding capabilities, enhancing supply chain services in the UK.
This article is based on an official press release from Brookhouse Aerospace.
Brookhouse Aerospace, a leading independent manufacturer of composite and metallic aero-structures based in Darwen, Lancashire, has officially announced the acquisition of Parker Precision. The move represents a significant step in Brookhouse’s strategy to vertically integrate its supply-chain and expand its internal engineering capabilities.
According to the company’s press release, the acquisition of the Wolverhampton-based precision engineering firm will allow Brookhouse to offer a more comprehensive “build-to-print” service to the aerospace and defence sectors. Parker Precision, known for its expertise in CNC turning and milling, will continue to operate from its existing facility in Bilston, retaining its 35-strong workforce.
The acquisition is described by Brookhouse leadership as a “strategic fit” designed to bring critical precision engineering processes in-house. By integrating Parker Precision’s capabilities, specifically Precision CNC Turning, CNC Milling, and 5-Axis Grinding, Brookhouse aims to reduce reliance on external suppliers for these specific processes and offer a complete supply chain solution.
Matthew Rossiter, CEO of Brookhouse Aerospace, emphasized the value this addition brings to the group’s service portfolio:
“We are delighted to welcome Parker Precision into the Brookhouse Aerospace group. This acquisition is an excellent strategic fit, enhancing our capabilities with Precision CNC Turning, CNC Milling, and 5-Axis Grinding, building on our strategy of providing a complete supply chain solution.”
, Matthew Rossiter, CEO of Brookhouse Aerospace
Rossiter further noted that the acquisition not only secures a skilled workforce but also opens access to new customer bases while strengthening the value proposition for existing clients.
Parker Precision, founded in 1952, has a long history of manufacturing, evolving from small tools for the lock industry to high-precision aerospace components. Under the new ownership structure, the company will function as a subsidiary of the Brookhouse Aerospace group. Marc Corns, Managing Director of Parker Precision, expressed optimism about the stability the deal provides: “The successful completion of this acquisition provides future certainty for our team. As part of Brookhouse, we look forward to the opportunity to further enhance our capabilities and capacity, to deliver customer requirements, advance expertise in key markets and grow the business.”
, Marc Corns, Managing Director of Parker Precision
The deal connects two major UK manufacturing hubs: Brookhouse’s stronghold in the North West Aerospace Alliance region and Parker’s base in the Midlands. This regional synergy is expected to support the group’s mission to build a leading mid-market company servicing the aerospace and defence industries.
This acquisition follows a period of significant investment for Brookhouse Aerospace. The company recently opened a new state-of-the-art manufacturing facility in Darwen, Lancashire, known as Balle Mill. According to verified industry reports, the company has invested heavily in new machinery to increase capacity.
Kenny Worth, Executive Chairman of Brookhouse Aerospace, framed the acquisition as a logical progression following these internal investments:
“Following our recent investment in a new state-of-the-art manufacturing facility in Darwen, Lancashire and the installation of significant new machining capabilities, the acquisition of Parker Precision is just the next step in our mission to build a leading mid-market company servicing aerospace and defence industries.”
, Kenny Worth, Executive Chairman of Brookhouse Aerospace
Worth also indicated that the company remains in growth mode, stating that they “continue to evaluate, and are actively seeking, suitable additional opportunities.”
The acquisition of Parker Precision by Brookhouse Aerospace highlights a broader trend of consolidation within the aerospace supply chain. As Original Equipment Manufacturers (OEMs) increasingly demand “one-stop-shop” solutions to reduce logistical complexity and risk, Tier 1 and Tier 2 suppliers are under pressure to expand their internal capabilities.
By acquiring a specialist like Parker Precision, Brookhouse effectively secures its upstream supply chain for machined components. This vertical integration allows for tighter quality control and potentially faster turnaround times, critical factors in the competitive aerospace and defence markets. Furthermore, retaining the Parker Precision brand and workforce suggests a strategy of stability rather than aggressive restructuring, preserving the specialized skills that make the target company valuable in the first place. Parker Precision specializes in precision CNC engineering, including CNC Turning, CNC Milling, and 5-Axis Grinding. They serve sectors such as Aerospace, Oil & Gas, Defence, Electronics, and Medical.
No. According to the announcement, Parker Precision will continue to operate from its current base in Bilston, Wolverhampton, as part of the Brookhouse Aerospace group.
Parker Precision employs 35 people, all of whom are being retained following the acquisition.
Brookhouse Aerospace is owned by Nord Aerospace Holdings (specifically Nord Aerospace Bidco Limited).
Brookhouse Aerospace Acquires Parker Precision to Strengthen Supply Chain Capabilities
Strategic Expansion and Vertical Integration
Operational Continuity and Regional Growth
Investment in Manufacturing Excellence
AirPro News Analysis
Frequently Asked Questions
What does Parker Precision specialize in?
Will Parker Precision move its operations?
How many employees does Parker Precision have?
Who owns Brookhouse Aerospace?
Sources
Photo Credit: Brookhouse Aerospace
MRO & Manufacturing
GA Telesis Expands Asia-Pacific Reach with South Korean Approval
GA Telesis Engine Services secures South Korean MOLIT certification to offer engine overhaul services and signs new deal with MIAT Mongolian Airlines.
This article is based on an official press release from GA Telesis.
GA Telesis Engine Services (GATES), the Helsinki-based engine maintenance subsidiary of GA Telesis, has announced a major expansion of its operational capabilities in the Asia-Pacific region. According to an official company press release, GATES has received Approved Maintenance Organization (AMO) certification from South Korea’s Ministry of Land, Infrastructure, and Transport (MOLIT). This certification authorizes the facility to perform full overhaul services on specific engine models for South Korean airlines.
In a simultaneous development, the company confirmed a new engine maintenance agreement with MIAT Mongolian Airlines. These announcements mark a strategic push by GATES to establish itself as a primary independent alternative to Original Equipment Manufacturer (OEM) facilities in a region heavily reliant on narrowbody aircraft.
The newly acquired MOLIT approval is a critical regulatory milestone for GATES. Under South Korea’s Aviation Safety Act, foreign repair stations must undergo a rigorous audit of their quality control systems and technical procedures before they are permitted to release South Korean-registered aircraft to service. By securing this certification, GATES can now bid directly for heavy maintenance contracts with South Korean carriers without requiring third-party approvals.
According to the press release, the MOLIT approval covers full overhaul authority for three major engine types:
This scope is particularly significant given the composition of the South Korean commercial fleet. Market data indicates that the CFM56-7B is the primary engine for the country’s low-cost carriers (LCCs), including Jeju Air, T’way Air, and Jin Air, which operate substantial fleets of Boeing 737-800 aircraft. Additionally, the CF6-80C2 remains in service with major carriers like Asiana Airlines and Korean Air for their widebody operations.
“This approval allows us to bring our world-class engine maintenance solutions directly to South Korean airlines, offering them a competitive alternative for their fleet requirements.”
, Statement from GA Telesis Press Release
Alongside the regulatory news, GATES announced a definitive agreement with MIAT Mongolian Airlines for the maintenance of its CFM56-7B engines. MIAT, the national flag carrier of Mongolia, operates a fleet centered around the Boeing 737-800. This contract underscores the technical capabilities of the Helsinki facility and provides MIAT with a maintenance partner located strategically between its Asian and European route networks.
The agreement validates GATES’ strategy of targeting operators who require flexible, cost-effective maintenance solutions outside of the traditional OEM network. By utilizing the Helsinki facility, MIAT gains access to a European Aviation Safety Agency (EASA) environment while maintaining logistical efficiency for its fleet. The Rise of Independent MROs in Asia
The entry of GATES into the South Korean market represents a shift in the regional Maintenance, Repair, and Overhaul (MRO) landscape. Historically, South Korean airlines have relied heavily on OEM-affiliated shops, such as the Korean Air Tech Center, or major regional players like ST Engineering. These relationships often come with rigid pricing structures and capacity constraints.
As an independent provider, GATES is positioned to compete on turnaround time (TAT) and workscope flexibility. For LCCs operating on tight margins, the ability to perform targeted repairs, rather than mandatory full overhauls, can result in significant cost savings. The “hospital shop” concept, which focuses on surgical repairs to return engines to service quickly, is likely to appeal to carriers like T’way Air and Jeju Air as their fleets age and maintenance events become more frequent.
Furthermore, the timing of the MOLIT approval coincides with a high demand for CFM56 shop visits globally. As supply chain issues continue to plague the new engine market (LEAP and GTF), airlines are holding onto older aircraft longer, increasing the need for reliable maintenance capacity for legacy engines like the CFM56 and CF6.
The GATES facility is located at Helsinki-Vantaa Airport in Finland. According to company data, the site spans 180,000 square feet and features an integrated test cell capable of handling engines with up to 100,000 lbs of thrust. The facility has an annual capacity of approximately 200 engines.
With the addition of the South Korean MOLIT certification, GATES now holds approvals from major global regulators, including:
This broad regulatory portfolio allows the company to serve a diverse customer base across Europe, Asia, and the Americas, reinforcing its status as a premier independent engine maintenance provider.
GA Telesis Engine Services Secures South Korean Regulatory Approval, Expands APAC Footprint
Breaking Barriers in the South Korean Market
Authorized Engine Types
Strategic Partnership with MIAT Mongolian Airlines
AirPro News Analysis
Facility Capabilities and Global Reach
Sources
Photo Credit: GA Telesis
MRO & Manufacturing
ITP Aero to Acquire Aero Norway, Expanding CFM56 MRO Services
ITP Aero signs agreement to acquire Aero Norway, enhancing aftermarket capabilities for CFM56 engines and expanding its European MRO presence.
ITP Aero, a global leader in aerospace propulsion, has signed a binding agreement to acquire Aero Norway, a specialized maintenance, repair, and overhaul (MRO) provider focused on CFM56 engines. According to the company’s official announcement, the transaction is expected to close during the first half of 2026, subject to customary regulatory approvals.
The acquisition represents a significant expansion of ITP Aero’s aftermarket capabilities. By integrating Aero Norway’s facility in Stavanger, Norway, ITP Aero aims to reinforce its status as a leading independent player in the aerospace services sector. The move follows a trajectory of aggressive growth for the Spanish propulsion company since its acquisition by Bain Capital in 22.
Aero Norway operates out of a facility at Sola Airport in Stavanger, employing a workforce of over 200 skilled technicians. The company has established a reputation for high-quality engine maintenance, specifically for the CFM56 engine family, serving a global client base of airlines, lessors, and asset managers.
In its press statement, ITP Aero highlighted that the two companies possess “highly complementary strengths.” The deal combines Aero Norway’s deep expertise in engine overhaul with ITP Aero’s existing engineering capabilities and component repair infrastructure. This synergy is designed to offer a more comprehensive suite of services to the aftermarket sector.
This agreement is the latest in a series of strategic moves by ITP Aero. In 2023, the company acquired BP Aero in the United States and was recently selected to join Pratt & Whitney’s GTF MRO network. These steps are part of a broader “2030 Strategic Plan” which aims to double the size of the business and increase the global workforce by 50% by the end of the decade.
While the press release focuses on corporate synergies, the acquisition underscores a critical trend in the current aviation landscape: the extended dominance of the CFM56 engine. As new-generation engines like the LEAP and GTF face supply chain delays and durability challenges, airlines are keeping older aircraft powered by CFM56 engines in service longer than originally planned.
Industry data suggests that approximately 20,000 CFM56 engines will remain in service through 2025. Consequently, the demand for maintenance shop visits is projected to peak between 2025 and 2027. By acquiring a specialist shop like Aero Norway, ITP Aero is effectively positioning itself to capture high-value work during this period of “structural undersupply” in the narrowbody market. This “Golden Tail”, the long, profitable tail end of an engine program’s lifecycle, provides a stable revenue runway for MRO providers capable of handling heavy overhauls. The crossover point where new-generation engine shop visits outnumber CFM56 visits is not expected until later in the decade, making capacity for legacy engines a premium asset today.
Leadership from both organizations emphasized the value of combining their respective technical strengths. Eva Azoulay, CEO of ITP Aero Group, described the agreement as a key component of the company’s roadmap.
“The signing of this binding acquisition agreement marks a significant milestone in our strategic roadmap. This acquisition reinforces our ambition to become a leading independent player in the aerospace aftermarket.”
, Eva Azoulay, CEO of ITP Aero Group
Neil Russell, CEO of Aero Norway, noted that the merger would unlock synergies beneficial to their customer base.
“By combining the complementary strengths of ITP Aero and Aero Norway, we will unlock significant synergies that enhance our competitiveness and deliver even greater value to our customers.”
, Neil Russell, CEO of Aero Norway
ITP Aero reports that it has tripled its earnings since 2022 and is currently implementing a long-term business plan that spans civil, defense, and MRO segments. The company was advised on legal M&A matters regarding this transaction by Baker McKenzie.
Pending regulatory clearance, the integration of Aero Norway into the ITP Aero Group will finalize in 2026, solidifying the company’s footprint in the European MRO market.
Sources:
ITP Aero to Acquire Aero Norway, Strengthening Position in CFM56 Aftermarket
Strategic Expansion in the MRO Sector
AirPro News Analysis: The “Golden Tail” of the CFM56
Executive Commentary
Future Outlook
Photo Credit: ITP Aero
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