Essential Turbines Inc. (ETI), a provider of maintenance, repair, and overhaul (MRO) services for aircraft engines, announced that it has reached an agreement with ITP Aero, an aerospace propulsion company, to acquire AeroMaritime Mediterranean (AeroMaritime).
AeroMaritime is a Malta-based aerospace MRO focused on the Rolls-Royce M250 and RR300 engines that services operators across the globe.
As a Rolls-Royce authorized, maintenance, repair and overhaul center (AMROC), AeroMaritime has a four-decade history of serving global operators in civil and military sectors.
Gannon Gambeski, president and CEO of ETI noted: “We are excited to add AeroMaritime to the Essential Turbines group. AeroMaritime is a highly regarded AMROC that further expands ETI’s global footprint, while offering enhanced capabilities and access to our customers and the Rolls Royce network. This acquisition is another step in delivering on Essential Turbines’ overall growth strategy, we look forward to building on AeroMaritime’s strong foundation and decades of expertise.”
After the acquisition of AeroMaritime is complete, Essential Turbines will have a strategic MRO footprint across North America and Europe.
Alan Jones, executive VP of MRO at ITP Aero, noted: “We are deeply committed to delivering unparalleled value for our customers, partners, suppliers, shareholders and employees as a higher-growth, higher-margin, pure-play engine company and, in this regard, we are fully determined to continue to build a dedicated platform to support the global commercial aviation aftermarket. This decision reaffirms our commitment to simplify our business to focus on larger commercial and defence engines. At the same time, we believe that we have found a good home for the AeroMaritime team to continue to deliver an excellent service to the M250 and RR300 market.”
The transaction is expected to close in the second quarter of 2025 as it is subject to the achievement of regulatory approvals and other customary closing conditions.
This press release was prepared and distributed by Essential Turbines.
