# 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.

- Type: Acquisition
- Announced: 2018-01-03
- Where: Tallinn, Estonia
- Value: $51.0M (43.0M EUR)
- Status: announced
- Products: aircraft maintenance services
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Guangzhou Hangxin Aviation Technology](https://endata.com/companies/29142.md) (acquirer)
- [Magnetic MRO](https://endata.com/companies/29143.md) (target)
- [BaltCap](https://endata.com/companies/29144.md) (partner)

## Sources

- [baltcap.com](https://www.baltcap.com/baltcap-exits-magnetic-mro/), 2018-01-03: "Hangxin's location and service portfolio is complementary to Magnetic MRO, creating substantial synergies and new business opportunities."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.