MRO provider FL Technics is strengthening its position in Europe with the acquisition of Italian company Flash Line Maintenance.
The Italian company provides line maintenance services for the Mediterranean region, and its acquisition will enable FL Technics to expand its line maintenance network to more than 50-line stations across Europe.
With its expansion, FL Technics will become one of the largest providers of line maintenance services in Europe, the company states.
CEO of FL Technic Zilvinas Lapinskas commented: “This acquisition represents another strategic move by FL Technics to becoming a high-performance line maintenance provider located in the globally significant aviation market.
“So, with this new investment, our own line maintenance network and the previously acquired Storm Aviation station network, we can significantly strengthen partnership with existing clients across the continent.
FL Technics intends to invest in this newly acquired business by capitalising on development opportunities within the market.”
Flash Line Maintenance S.r.l. acts as a line maintenance service provider for narrow and widebody aircraft and provides line maintenance services in 15-line stations operating in various airports in Germany, France, Italy and Spain.
“With this acquisition, Flash Line Maintenance enters in a major network and makes a major move towards its ambition to become a leading provider of aircraft line maintenance services in the Mediterranean region,” said founder and director of Flash Line Maintenance Dr. Daniele Balani.
FL Technics has been operating in the MRO services market for nearly 20 years and has offices in Lithuania, UK, Indonesia, Thailand and China.
The company provides line maintenance services across Europe, Asia Pacific, Africa and CIS countries.