With this acquisition StandardAero will be able to grow its Asian footprint to serve engine OEM and airline customers in Asia-Pacific region.
7 October 2021: StandardAero signed an agreement with Pratt & Whitney and SIA Engineering Company Limited for the purchase of 100 per cent ownership stake in Singapore-based component repair facility, Asian Surface Technologies Pvt Ltd.
Rick Stine, President of StandardAero’s Components, Helicopters and Accessories division said, “We are excited by the prospect of broadening and deepening our in-region repair capabilities. Having a well-established facility in a world class aerospace hub such as Singapore will enable StandardAero to provide a much wider range of world class products and services to our customers in Asia.”
AST was founded in 1994 to provide overhaul services for the PW4000 jet engine fan blades and specialized thermal spray coating services for the aerospace and oil & gas industries. Over the past twenty-seven years, AST has provided high technology hard face coatings and component repairs to customers in the Asia-Pac region and around the world.
In 2017, StandardAero acquired PAS Technologies including a 40.8 per cent stake and management control of AST. The transaction marks the final acquisition of 100 per cent ownership of AST and will enable StandardAero to grow its Asia footprint to better serve engine OEM and airline customers throughout the Asia-Pac region.
