DUBAI--Mubadala Investment Co. is consolidating three of its businesses, including Sanad Aerotech and Sanad Capital, into a new entity that the parent company believes will allow the units to leverage their synergies to drive growth.
The new entity, named Sanad, combines engine MRO specialist Sanad Aerotech, gas turbine services provider Sanad Powertech, and engine and spares leasing specialist Sanad Capital into a single entity.
"Sanad will spearhead Mubadala’s strategic investments in key technologies and capabilities to enhance and strengthen its global positioning,” says Badr Al-Olama, head of Mubadala Aerospace. "As a trusted partner providing holistic services in aviation and industrial MRO, engine financing, and leasing, Sanad will play a key role in promoting Abu Dhabi as a global aerospace hub.”
The new entity’s creation continues a process that has been happening at the business unit level. Sanad Aerotech, recently formerly the aerospace segment of Turbine Services and Solutions (TS&S), has been implementing advanced technologies aimed at improving lowering costs and reducing turn times.
Aerotech has signed several recent deals with Honeywell, including use of the supplier’s Vocollect voice-recognition system that allows technicians to dictate maintenance long entries. Aerotech, the first independent MRO provider to overhaul a Rolls-Royce Trent 700 and provider of General Electric GENx and International Aero Engines V2500-A5 services, also partnered with IBM to explore opportunities using data to improve efficiency and develop predictive maintenance.
Sanad’s plans include similar advancements across all three businesses.
“We will invest, employ and deploy Fourth Industrial Revolution technologies to transform our global offering to customers,” Al-Olama says. Consolidating our businesses is pivotal to our vision, as we look to unlock synergies across the entire aviation value-chain.”