Dassault Aviation and TAG Aviation last week announced the acquisition of the European maintenance activities of TAG Aviation Group by Dassault.
The integration of those activities will take place over the next few months, once all necessary authorisations have been received.
Eric Trappier, Chairman and CEO of Dassault Aviation said: “The acquisition of the maintenance activities of TAG Aviation, a major MRO provider, will allow Dassault Aviation to reinforce its European service centre network.
“With TAG Maintenance Services, we intend to develop further a network of excellence and to support TAG different aircraft clients with the same commitment to service quality, while expanding the share of Falcon maintenance activities controlled by the Dassault Group.
Mansour Ojjeh, President of TAG Group, the majority shareholder of TAG Aviation, said: “We have been working hard over the past twenty years to build up a high quality maintenance organization, specialising in the Dassault and Bombardier product lines.
“During that time we have built a strong relationship with Dassault Aviation, based upon mutual trust and respect. Given the many challenges faced by independent MROs in the current industry environment, we are pleased to sell this segment of TAG Aviation to a respected OEM who values its employees and shares TAG’s high business standards.”