June 26, 2013
The SEGERS GROUP enters into agreement to acquire PROPTECH Portsmouth Limited
The SEGERS GROUP has entered into an agreement to acquire PROPTECH Portsmouth Limited, a privately owned FAA and EASA certified aircraft propeller repair and overhaul MRO located in Portsmouth, England. When the acquisition process is completed, Proptech will become a wholly owned subsidiary of the Segers Group. The acquisition follows Segers Group’s strategic initiative to develop an enhanced propeller capability and to reach further into Europe. Subject to customary conditions precedent, the transaction is anticipated to close by the end of September 2013.
Segers is an independently owned global group of companies that has been supporting civilian and military operators for over 30 years. Segers Aero Corporation located in Fairhope, Alabama, USA is a Rolls-Royce Authorized Maintenance Center (AMC) and holds FAA, EASA and various other specific country approvals and quality awards. The MRO provides maintenance for multiple products including the Rolls-Royce Allison T56/501D Engine Series and Lockheed Martin QEC, the Hamilton Sundstrand 54H60 Propeller, T56/501D Accessories and the Pratt & Whitney Canada PT6A and PT6T Engines.