SR Technics' purchase by a United Arab Emirates consortium led by Mubadala Development, investment vehicle of the Abu Dhabi government, was finalized this week. The acquisition of the Zurich-based MRO provider, valued at $1.3 billion, was announced in September (ATWOnline, Sept. 8) and cleared by the European Commission last week. The company will continue to be run by Chairman and CEO Hans Lerch, who has assumed the chairmanship until further notice following the departure of former ...

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