ST Aerospace Systems has acquired the remaining 50 per cent stake in Singapore Precision Repair and Overhaul (S-PRO) from Messier-Bugatti-Dowty (a Safran company) for $8.1m.
Following the acquisition, landing gear and components specialist S-PRO will become a wholly-owned subsidiary of ST Aerospace Systems, the aerospace arm of ST Engineering.
ST Aerospace said acquiring S-PRO aligns with its strategy to develop its Singapore base as a centre of excellence for landing gear MRO. Following confirmation of the deal, S-PRO has concurrently signed an agreement with Messier-Bugatti-Dowty to remain as an authorised service centre for landing gears installed on turboprops, and regional jets, as well as wheels, brakes and hydraulic components installed on various aircraft types.
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