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Industry

Kongsberg and Patria to buy AIM Norway

13 December 2018

The long-running partial privatisation of Norwegian aircraft maintenance, repair, and overhaul (MRO) venture AIM Norway has progressed with the acquisition of the company by Kongsberg Defence & Aerospace and Finland’s Patria.

Kongsberg will hold 50.1% of the company with Patria holding the remaining stake. Patria – a land systems development company and a provider of aerospace services – is 49.9% owned by Kongsberg with the Finnish state holding the remaining shares.

Terms of the acquisition of AIM were not disclosed. The company – which traces its history to 1916 – employs 440 people and returned sales of EUR113 million in 2017.

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