Avio strengthens position in Brazil: Acquisition of Military MRO business
Rio de Janeiro (Brazil), 12 April 2011 – Avio, the international Italian based group and leader in aerospace propulsion, acquired Focaleng, a Brazilian company operating in military aeroengine Maintenance, Repair and Overhaul (MRO) sector under the brand Focal Aviation.
Focaleng, based in Rio de Janeiro, with a turnover of over 23 million Reais (10 million Euros) and 80 highly specialised employees, is a strategic company in the Brazilian defence sector, supporting aeroengines used by Força Aérea Brasileira (FAB), including the turbojet powering the Northrop F-5E/F Tiger fighters.
Through this acquisition, Avio, responsible since 2008 for the MRO and logistic support of the Spey engines that power the Brazilian AM-X fighter aircraft, further consolidates its role as FAB’s strategic partner and its presence in Brazil, as part of the international development strategy pursued over the last few years.
The acquisition was made through Avio’s subsidiary Avio do Brasil Ltda.
Barons Financial Services of Geneva and London together with Trench, Rossi and Watanabe, associated with Advogados Baker & McKenzie Rio de Janeiro acted as advisors to Avio.