Engineering conglomerate Stork has taken over the 42.8% interest in Belgian aerospace company SABCA previously held by Fokker.
SABCA is now owned 52.9% by Dassault Aviation, with Stork holding most of the remainder.
The Dutch company also took over much of Fokker's operations after its March 1996 bankruptcy, giving it a stake in aerostructures, electronics, support and military activities. Its latest foray into the aerospace business is aimed at broadening the scope of its operations in the sector, which account for around 20% of activities.
SABCA employs some 1,500 people at sites in Brussels, Charleroi and Lummen, undertaking aerostructures, maintenance and upgrade work for military and civil customers. Ariane and Airbus figure among customers who helped it to a turnover of $184 million last year. The deal is expected to be completed by the end of the year.
Source: Flight International
