MTU Aero Engines has acquired USA-based turbine disk producer Caval from Chromalloy Gas Turbine. The move further cements the German company's recent strategy of expanding its overseas manufacturing interests.
The "primary rationale" behind the acquisition is MTU's desire to "get closer to our customers and partners", says the DaimlerChrysler subsidiary's president and chief executive Dr Klaus Steffens. "MTU is forging ahead with its growth strategy, expanding now also into the manufacturing area," he adds.
Caval, to be renamed MTU Aero Engine Components, employs around 180 people and has annual sales of $30 million. It has been a supplier of rotor disks to Munich-based MTU for several years. The acquisition follows the recent establishment of MTU Aero Engine Design in Hartford, Connecticut, and the setting up of maintenance ventures in Zhuhai, China and São Paulo, Brazil.
Source: Flight International
