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Aviation News Revima Group soon to be bought out by Argos Soditic

Revima Group soon to be bought out by Argos Soditic

Romain Guillot
30 MAR 2017 | 244 words
Revima Group has entered into exclusive negotiations with Argos Soditic for a future acquisition of shares, alongside Olivier Legrand and Christian Grzanka. The transaction could be completed by next summer, subject to the usual permits. Argos Soditic is a European investment capital business established in Brussels, Frankfurt, Geneva, Milan and Paris.

According to a press release published by Argos Soditic, the operation "will provide a quality of service and reinforced agility to be able to anticipate the needs of the Revima Group's clients in civil and military aviation, both in France and internationally, and to adapt to the evolution of the market. "

Revima Group, an independent MRO company specialised in landing gears (Revima) and auxiliary power units (Revima APU) generated a turnover of more than 200 million EUR last year. Based at their historical site of Caudebec-en-Caux (Normandy), Revima Group also has business offices and customer service premises in Asia, the USA and the Middle East. It employs over 600 people.

A former subsidiary of Chargeurs Réunis and UTA (1952 to 1995), and then of the Air France group (1993 to 1995) and finally EADS Sogerma, Revima became independent in 2008. Its APU activity was created in the form of a joint venture between Revima and Hamilton Sundstrand (UTAS) in 2004, before being sold to the latter in 2011 to form Revima Group.

The group also owns Normandy Aero Spares, an entity created in 2010 and specialised in the distribution of second-hand parts.

Romain Guillot
Chief editor
Cofounder of Journal de l'Aviation and Alertavia


 
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