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Sanding down a plane in the hanger Air Livery based at Norwich International Airport. The company sprays aircraft logos and designs onto planes. Picture: James Bass Copy: Sam Williams For: EN Business Evening News © 2008 (01603) 772434
By Shaun Lowthorpe Business editor
Wednesday, February 20, 2013
The parent company of Norwich-based Air Livery has completed a £6m deal to buy a French aircraft painting company.
The acquisition of Aero Technique Espace (ATE) by Indian-owned Air Works comes as Air Livery has outlined ambitious plans to expand the business on a new purpose-built site at Norwich International airport.
Julian Duffen, managing director of Air Livery, said the move will help strengthen Air Livery’s market position as a leading provider of painting services to the European commercial and military aircraft market.
“Having worked as a partner with ATE for 15 years, the acquisition was the next natural evolution in our relationship,” Mr Duffen said. “Robert Wasilewski, the previous owner, will remain in an advisory position through the transition phase to help integrate ATE seamlessly into the Air Livery network”
ATE has facilities in Chateauroux and Toulouse in southern France.
Vivek N Gour, Air Works chief executive, said: “ATE is a strategic acquisition for Air Works. It will provide Air Livery not only access to world class hangar facilities in Europe, but also add green aircraft painting to its portfolio of services.”
Paul Woods, sales and marketing director at Air Works and Air Livery added: “Air Livery and ATE will develop Chateauroux as a strategic location for both green aircraft painting and repainting services. Chateauroux is well placed centrally in France offering many European and North African customers an ideal location, thus reducing ferry costs and downtime.”
One of East Anglia’s largest crane hire companies, Quinto Crane & Plant Ltd, has been bought out in a multi-million pound deal, with the new owner promising to safeguard the jobs for its 125 employees and guaranteeing future investment.