Aircraft parts manufacturer Wencor Group has acquired Florida-based component repair shop Silver Wings Aerospace.
The acquisition of the facility, which services electric power and hydraulic components, “aligns with our strategy to drive ATA chapter depth and proprietary component repair capabilities”, states Wencor chief executive Chris Curtis.
Atlanta-based Wencor competes with OEMs on the supply of spare parts and component repairs, which have been developed under parts manufacturer approval and designated engineering representative certification, respectively.
Additionally, Silver Wings has “unique” capabilities in supplying used serviceable material that will “enhance” Wencor’s presence in that segment, the group says.
Silver Wings president Eddie Montalvo states that the two partners will provide “innovative solutions and ultra-competitive value” to customers.
No financials details of the transaction were disclosed.
Source: FlightGlobal.com
