ST Engineering completes acquisition of aircraft repair company

Posted on 3 Oct 2015 by Michael Cruickshank
ST Aerospace services a large number of aircraft around the world. Image courtesy of ST Engineering.

Singapore-based multinational defence and aerospace corporation ST Engineering has completed the purchase of a smaller aircraft repair company.

ST Engineering last month acquired the final 50% stake in Singapore Precision Repair and Overhaul Pte Ltd (S-PRO) from former owner Messier-Bugatti-Dowty (Safran). All up, this purchase cost ST Engineering $S8.5m ($5.9m). Following this acquisition, S-PRO will become a wholly-owned subsidiary of ST Aerospace Systems, itself a subsidiary of the aerospace arm of ST Engineering…

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