Magnetic Group company Magnetic Trading has signed a cooperation agreement with ITS, the US-based nose-to-tail supply chain partner within the air transport aftermarket industry.

The two companies have already been working together on an ad-hoc basis and said the cooperation agreement was the “natural next step” in cooperation, allowing both parties to benefit from exclusive partnership terms.

“We have vast experience of the mutual benefits from cooperation agreements, thus for us taking our partnership with ITS to the new level is a very organic step – it will allow both of the companies to expand service portfolios and to provide cost-effective and the highest quality solutions to our clients,” said Magnetic Trading’s head Airina Kacienaite-Krake.

ITS’ senior key account manager Darius Orvidas commented: “Magnetic Group and Magnetic Trading are well-established brands with an extensive customer portfolio – and we want to share our resources that will allow improving their service offering for their clients, including those who are using PBH, line maintenance and other services. We are proud to take our partnership further and are looking forward to closer cooperation.”

Magnetic Trading recently opened a new representative office in Miami, Florida, that aims to serve customers around the Americas.