CONTENT PREVIEW
Industry

Kongsberg and Patria complete acquisition of AIM Norway

31 May 2019
Follow

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.

Want to read more? For analysis on this article and access to all our insight content, please enquire about our subscription options at ihsmarkit.com/janes





(134 of 384 words)
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT