MB Aerospace is set to acquire Taiwan based Asian Compressor Technology Services Company Limited (ACTS) likely to be completed by January 2018. The business will trade as MB Aerospace ACTS (Taiwan) after the completion of the deal.
Founded in 1995 as a joint venture by Pratt & Whitney, China Airlines and Singapore Airlines Engineering Company, ACTS provides in- house repair of aero- engine components within the turbine and compressor sections of gas turbine aero- engines.
The deal will provide MB Aerospace footprint in the rapidly- growing Asian market while increasing its overall employee number to 1,700 across the United States, Europe and Asia out of which ACTS employed over 100 specialist and technical staff for providing aero- engine component repair services to Pratt & Whitney’s overhaul network.
ACTS is a global player in the repair of performance –critical compressor and turbine components and provides technological services such as brazing and vacuum brazing, thermal spray coating, laser holography, water jetting, auto-welding and rubber/ epoxy solutions.
According to Craig Gallagher, MB Aerospace Chief Executive Officer:
: “This acquisition greatly expands our capabilities in the repair sector and gives us a crucial geographical presence in the fast-growing Asian market.
“ACTS provides a tremendous platform for further growth in Asia – we are buying a high-performing company that has been operating at UTC Supplier Gold status for over 70 consecutive months. This established, world-class performance standard will give MB Aerospace a solid footing to serve global aero-engine customers that demand high quality, performance-critical repairs with fast turnaround times and cost-competitive repairs on critical rotating components in the hot section of the engine.
“We are also joining forces with a world-class senior management team at ACTS who will help deliver our growth ambitions during an exciting time for the industry. The global aircraft fleet is projected to double in the next 20 years and much of this demand will come from growth in Asian air traffic.
About MB Aerospace
MB Aerospace Holdings Limited provides engineering solutions to the aerospace and defense market. Owned primarily by The Blackstone Group, MB Aerospace offers solutions for surface and sub-surface missile launch systems focused on asset life extension; complex electro mechanical assembly and fabrication; international component sourcing and delegated supplier management; and protection from part and process obsolescence. In addition, the company manufactures aero engine components. Further, it provides replacement of flanges, sheet metal skirts and rings, bosses, nozzles, pipes, honeycomb, bearing housings, and other critical components and hardware; weld and braze repairs of cracks and other voids; alloy plating, hard facing, and thermal spraying products; and slot and dimensional restorations for aero engine components. Incorporated in 2007, it employs over 1700 employees in facilities across United States, Europe and Asia.