Scottsdale, Arizona-based StandardAero Aviation Holdings Inc. and Airbus SE have finalized StandardAero’s acquisition of Vector Aerospace Holding SAS from Airbus. Negotiations for the acquisition were announced in July 2017. Terms of the deal were not revealed.
Vector – a global aerospace maintenance, repair, and overhaul company for turbine engines, components, fixed- and rotary-wing aircraft – generated revenues of more than $700 million in 2016. It employs approximately 2,200 people in 22 locations across Canada, the United States, the United Kingdom, France, Kenya, South Africa, Australia, and Singapore.
The newly combined company, which will use the StandardAero name, has more than 6,000 employees in 42 locations across five continents, with annual revenues of approximately $3 billion.