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StandardAero Aviation Holdings, Inc. finalized the acquisition of Vector Aerospace Holding SAS from Airbus SE. Vector is a global aerospace MRO company with revenues over US$700 million in 2016 and approximately 2,200 employees.
Veritas Capital Fund Management LLC entered into an agreement to acquire Vector Aerospace Corporation from Airbus. The acquisition is subject to regulatory approvals and expected to close by Q4 2017 or early 2018.
StandardAero and Airbus entered exclusive negotiations for StandardAero to acquire Vector Aerospace, a global MRO company with 22 locations and revenues of $704.8 million in 2016. The transaction is subject to approvals.