As Aviation Week Network predicted in October 2024, Dusseldorf, Germany-based Nayak Aircraft Services has finalized a merger deal to grow its business.
Flush with private equity money, the Checkers Capital-backed maintenance company has acquired Swedish line and base maintenance provider Nordic MRO.
In October, Nayak CEO Marco Smit told Aviation Week Network that the company’s focus would remain on European line and base maintenance, rather than diversifying into sub-sectors such as components and engines, adding that the company was “working on some acquisitions”.
Following the purchase of Nordic MRO, he said: “By the combined effort we are expecting to make an improved offering to our customers in the Nordics and over our full European network.
“We see two businesses driven by shared values; starting with a customer-centric approach and the commitment to provide flexible, tailored solutions across Europe, now with enhanced capabilities and a stronger presence in Northern Europe,” added Smit. “This gives the solid basis for further growth of our business.”
The new organization will combine the two companies’ operations, working under the name Nayak-LM Nordic AB.
Nayak’s Dusseldorf 8,500 m.2 (approximately 91,000 ft.2) hangar is capable of handling aircraft up to the size of an Airbus A330.
Nordic MRO will complement this operation by adding its base maintenance specialism in ATR aircraft. Airframe heavy maintenance demand for that turboprop family will range from $120-140 million annually over the next decade, according to Aviation Week Network’s Commercial Fleet & MRO Forecast 2025.
Both companies also offer line maintenance for a wide range of commercial aircraft, plus certain continuing airworthiness management organization and engineering services.
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