ST Aerospace Acquires Remaining 50% Of S-PRO

ST Aerospace Systems has acquired the remaining 50 per cent stake in Singapore Precision Repair and Overhaul (S-PRO) from Messier-Bugatti-Dowty (a Safran company) for $8.1m.

ST Aerospace Systems has acquired the remaining 50 per cent stake in Singapore Precision Repair and Overhaul (S-PRO) from Messier-Bugatti-Dowty (a Safran company) for $8.1m.

Following the acquisition, landing gear and components specialist S-PRO will become a wholly-owned subsidiary of ST Aerospace Systems, the aerospace arm of ST Engineering.

ST Aerospace said acquiring S-PRO aligns with its strategy to develop its Singapore base as a centre of excellence for landing gear MRO.

Following confirmation of the deal, S-PRO has concurrently signed an agreement with Messier-Bugatti-Dowty to remain as an authorised service centre for landing gears installed on turboprops, and regional jets, as well as wheels, brakes and hydraulic components installed on various aircraft types.

TAGS: Asia Pacific
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