Deals
HNA to Buy 80% of SR Technics From Abu Dhabi Fund Mubadala
- Mubadala agrees to sell stake; deal value not disclosed
- SR Technics has 3,300 employees, supporting 1,050 aircraft
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China’s HNA Aviation Group Co. agreed to buy a majority stake in SR Technics, a Swiss aircraft-maintenance service provider, from Mubadala Development Co. for an undisclosed amount.
The Abu Dhabi government-backed investment fund will sell 80 percent of SR Technics and retain the rest in a deal subject to regulatory approvals, the Zurich-based company said in a statement. SR Technics has 3,300 workers and services about 1,050 aircraft, according to its website.