Satair has signed an agreement to acquire aviation logistics and aftermarket services company VAS Aero Services.
VAS Aero Services will be acquired under Satair's U.S. business but will continue to operate as a separate entity at its sites in Boca Raton, Florida; Kent, Washington and its European operation based in London.
By combining VAS’ expertise in managing engine and multi-fleet used serviceable material (USM) products, Satair says the deal enhances its existing offerings and its strategy to grow in this market segment.
Satair has recently been growing its existing portfolio, including the addition of a digital marketplace earlier this year. It says this partnership will foster new capabilities to this initiative by offering an end-to-end transaction.
Bart Reijnen, CEO of Satair, says: “We are enhancing our capabilities to serve our customers and OEMs through the complete aircraft lifecycle. This acquisition is also a natural fit to Satair’s overall strategy and a complement to the Airbus sustainability agenda at large.”
Satair and VAS have previously worked together for several years on servicing, warehousing, and certification and distribution of USM products.
VAS' CEO Tommy Hughes believes the acquisition will strengthen the bond between the two companies—while providing their customers access to more resources and USM products.
“The Satair-VAS alliance offers a broader reach, a deeper service capability and cost efficiencies that will afford us a competitive advantage," says Hughes. "Together, we are well-positioned to respond to changing market demands and lead with parts and service solutions that enable customer success."
