Danish aircraft parts distribution company Satair is expanding its presence in Asia through the purchase of TPA from Singapore-based TPA Strategic Holdings. The company is paying $32 million for the purchase of the aircraft components provider and distributor. Satair generated almost $47 million of revenue in the Asia-Pacific region in 2004-05. Satair says it expects that “synergies can be achieved in relation to product portfolios, customer coverage and costs.” Chief executive John Staer adds: “The acquisition will cement Satair’s position in Asia. For several years, Satair has made an active effort to strengthen its foothold in the Asia-Pacific region driven by the significant growth potential offered by the market.”
Source: Flight International