HAECO To Acquire TIMCO

Hong Kong Aircraft Engineering Company (HAECO) has entered into a conditional stock purchase agreement for the acquisition of TIMCO Aviation Services (TIMCO) for a cash consideration of $388.8m, subject to closing adjustments. “The acquisition of TIMCO will expand HAECO’s operations and broaden its sources of revenue. We believe that the business and operations of TIMCO will fit well strategically with the existing business of HAECO,” said Christopher Pratt, chairman of HAECO.

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