# SIAEC acquires remaining 35% stake in Heavy Maintenance Singapore Services from Airbus

SIA Engineering completed the acquisition of Airbus' 35% stake in Heavy Maintenance Singapore Services (HMSS) for about S$900,000 ($659,000), making HMSS a wholly-owned subsidiary. The deal closed on 27 August 2020.

- Type: Acquisition
- Announced: 2020-08-28
- Where: Singapore, Singapore
- Value: $659K (900K SGD)
- Status: completed
- Products: airframe maintenance, cabin upgrade, modification services
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [SIA Engineering Company](https://endata.com/companies/1648.md) (acquirer)
- [Airbus Services Asia-Pacific](https://endata.com/companies/49565.md) (target)
- [Heavy Maintenance Singapore Services](https://endata.com/companies/49566.md) (target)

## Sources

- [flightglobal.com](https://www.flightglobal.com/mro/2020/08/siaec-acquires-remaining-shares-in-airbus-joint-venture/), 2020-08-28: "SIA Engineering has completed the acquisition of the Airbus’ shares in a Singapore-based MRO joint venture, Heavy Maintenance Singapore Services (HMSS)."

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