Dutch investment company Panta Holdings has acquired two MRO businesses of Fokker Technologies/GKN Aerospace for an undisclosed amount.

Effective April 1, Panta will assume control of both Fokker Services and Fokker Techniek. In a statement released March 31, the company’s new owner outlined its intention to “continue to invest in technology innovations, advanced processes and engineering excellence to play a leading role in the aerospace aftermarket.” 

Both businesses will be jointly led by two CEOs: the newly installed Roland van Dijk, a former president and board member of Fokker Technologies until 2012, and Menzo van der Beek, who was formerly vice president of operations at Fokker Services until 2017 before joining Panta Holdings as investment director.

Fokker Services provides MRO offerings including aircraft maintenance and component repair services. The company has facilities in Netherlands, Singapore and the U.S. Fokker Techniek meanwhile is based at Woensdrecht in the Netherlands and specializes in green aircraft completions, conversions, upgrades and refurbishments on VIP aircraft such as Airbus ACJ and Boeing BBJ and special mission aircraft.

Fokker Technologies, founded by aviation pioneer Anthony Fokker in 1919, was acquired by GKN Aerospace in 2015 from Arle Capital for around €706 million ($828.1 million). Panta’s acquisition of the businesses further grows its footprint in the aerospace industry. 

Other Panta investments include a 71.2% stake in Canada-based Avcorp Industries, a supplier of airframe components and component repair services, as well as Netherlands Aircraft Co. N.V., a Dutch start-up company looking to develop an aircraft based on the Fokker 100 regional jet.