Ardian wants to acquire a majority stake in Revima |
| Emilie Drab |
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31 JAN 2019 | 244 words
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© Revima |
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The Ardian group has entered exclusive negotiations with Argos Wityu to acquire a majority stake in Revima. As part of this operation, which must be approved by antitrust authorities as well as by the works council, Argos Wityu and Olivier Legrand, President at Revima Group will reinvest in the MRO company, alongside Ardian.
Argos Wityu had become a Revima shareholder in July 2017. Since then, the two entities Revima APU and Revima (which specialises in landing gear maintenance) merged under the same name, Revima, in June 2018 and then adopted a new visual identity in October. While continuing to invest in its French site, the group has also firmly set its sights on its international development and is currently working on the construction of a new facility in Thailand, which will enter operations in 2020.
At the same time, Revima is currently in exclusive negotiations for two acquisitions to strengthen its skillsets in repairing engine parts and in the field of advanced predictive maintenance.
Revima currently employs around 750 people and achieved over 280 million Euro turnover in 2018, registering double-digit growth and confirming the trend of the last few years. "Our rapid development these last years and the existing and future opportunities for both internal and external growth make us particularly enthusiastic about Revima's prospects (...) Our priority is to become a global player, expanding its skills and know-how into new areas, and be closer to its customers", says Olivier Legrand.
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Emilie Drab
Assistant editor
Civil aerospace, Air transport
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