Safran Aircraft Engines has announced that it has finalized the acquisition of Component Repair Technologies (CRT), a world leader in the repair of aircraft engine parts with a 450-plus workforce based in Mentor, Ohio. As a result of this transaction, CRT will become Safran Aircraft Engines’ center of excellence for the repair of large engine parts (cases, rotating parts) in the Americas zone, to support present and future customers.
This acquisition is part of the investment plan of around €1 billion launched by Safran Aircraft Engines to expand both the capacity and the workforce of its global maintenance, repair and overhaul (MRO) network in order to meet growing demand for support for the 32,000 CFM56 and LEAP engines1 currently in service around the world.
“We are delighted to welcome CRT teams onboard to strengthen our MRO expertise,” said Safran Aircraft Engines CEO Jean-Paul Alary. “This major acquisition perfectly reflects our industrial strategy of providing a world-class repair facility on each continent located as close as possible to needs in order to best serve our airline customers, and at the same time reduce our carbon footprint from these activities.”
CRT will perform engine parts repair activities to support Shop Visits on behalf of Safran Aircraft Engines for airlines with service contracts, as well as for other engine makers and third-party companies in the MRO market. The CRT facility will round out Safran Aircraft Engines’ global MRO network going forward: Châtellerault (France), Ceramic Coating Center (France), Airfoils Advanced Solutions (France), Safran Turbine Airfoils (France), Safran Aero Composite (France), PTI (Florida, USA), Safran Aircraft Engine Services Americas (Querétaro, Mexico). CRT’s activities provide a strategic fit with the strong growth in Safran Aircraft Engine’s MRO capabilities in the Americas, as shown by the recent announcements for new MRO facilities to be built in Querétaro.
Commenting, Richard Mears, President of CRT, said: “We are proud to become part of one of the world’s foremost aerospace companies, which shares the same values as us. We are also excited to combine CRT and Safran Aircraft Engines expertise to further develop our workforce and technological skills — the keys to CRT’s success for over 40 years — and to bring even greater added value to our customers in the Americas and beyond.”
