Kongsberg and Patria have completed the acquisition of maintenance, repair, and overhaul (MRO) provider Aerospace Industrial Maintenance (AIM) Norway from the Norwegian government under a NOK151 million (USD17.2 million) cash deal.
Under the terms of a deal announced in December 2018, Kongsberg now holds 50.1% while Patria has 49.9% of the company, and is the result of an initiative that had been under way since 2015 to privatise a number of state-owned entities in Norway.
The companies say that this acquisition will enable further consolidation of the Norwegian defence and aerospace industry for maintaining its fixed-wing aircraft and helicopters, and there are plans to develop AIM further, with investment planned.
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