# Sami acquires majority stake in Aircraft Accessories & Components

State-owned Saudi Arabian Military Industries (Sami) acquired a majority stake in Aircraft Accessories & Components Company (AACC) to boost defence manufacturing capabilities and expand MRO services in the Middle East and North Africa.

- Type: Acquisition
- Announced: 2019-07-16
- Where: Riyadh, Saudi Arabia
- Status: completed
- Products: aircraft MRO services, landing gear MRO, helicopter maintenance
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Saudi Arabian Military Industries](https://endata.com/companies/20040.md) (acquirer)
- [Aircraft Accessories & Components Company](https://endata.com/companies/40674.md) (target)

## Sources

- [thenationalnews.com](https://www.thenationalnews.com/business/economy/saudi-arabia-s-sami-acquires-majority-stake-in-aircraft-accessories-and-components-1.886846), 2019-07-16: "Acquiring a majority stake ... is a key factor in the strategic development of Sami."
- [english.aawsat.com](https://english.aawsat.com/home/article/1815071/sami-acquires-%E2%80%98aircraft-accessories-components-company%E2%80%99), 2019-07-16: "We have promising opportunities in the maintenance, repair and overhauling market as all the basic tools are available."

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