◂ Announcements

Aerospace Componentsworld trade 2024+1.2% 5Y CAGR

Jan 3, 2018ACQUISITIONTallinn, Estonia

Hangxin acquires Magnetic MRO for €43M

BaltCap and minority shareholders sold 100% of Magnetic MRO to Guangzhou Hangxin Aviation Technology for €43 million. The acquisition was announced in January 2018 with an indicative closing date at the end of March 2018.

Value

$51.0M (43.0M EUR)

Status

Announced

Productsaircraft maintenance services

CompaniesGuangzhou Hangxin Aviation Technology acquirer Magnetic MRO target BaltCap partner

Sectors#Aerospace Components

“Hangxin's location and service portfolio is complementary to Magnetic MRO, creating substantial synergies and new business opportunities.”baltcap.com

1 source
baltcap.comBaltCap exits Magnetic MRO | BaltCapRiin SaviJan 3, 2018

Summarized from public sources; check the original articles before acting on it.

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