Essential Turbines to Acquire AeroMaritime Mediterranean from ITP Aero

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. 

About ITP Aero
With a 35-year track record of innovation and a growing workforce of over 5,900 professionals across 14 sites in 6 countries, ITP Aero plays a pivotal role in 40% of all commercial aircraft engine deliveries annually. With more than 5,000 engines in service, ITP Aero powers 6 aircraft take-offs every minute, partnering with all major engine OEMs to advance aviation globally. 

About Essential Turbines
Essential Turbines, headquartered in Montreal, with locations in Vancouver and Mesa, Arizona, is a leading aerospace maintenance, repair, and overhaul (MRO) provider with a focus on helicopter and fixed-wing turboshaft engines. ETI is a specialist in the Rolls Royce M250 and RR300 engines, as well as turbofan engines modules, components, and accessories. Essential Turbines is backed by Swift Anchor Holdings and Balance Point Capital. Essential Turbines is actively pursuing strategic investments and acquisitions. Visit http://www.essentialturbines.com. 

View original content:https://www.prnewswire.co.uk/news-releases/essential-turbines-to-acquire-aeromaritime-mediterranean-from-itp-aero-302419741.html