LYON—Safran has finalized the acquisition of Component Repair Technologies (CRT), a U.S. specialist in engine parts repair, the France-based group announced.
CRT will become Safran's center of excellence for the repair of large engine parts in the Americas.
Safran Aircraft Engines is investing €1 billion ($1.05 billion) to expand both the capacity and the workforce of its global maintenance, repair and overhaul (MRO) network to support the 32,000 CFM56 and Leap engines in service. Close to 4,000 Leap-equipped aircraft are in service, and that number will double by 2030, according to Safran's prediction. “The more we can repair parts, as opposed to replacing them with new parts, the more competitive we are in maintenance operations,” Nicolas Potier, Safran Aircraft Engines executive vice president for customer support, services and MRO, said late last year. Safran Aircraft Engines produces the Leap engine jointly with GE Aerospace.
The acquisition reflects Safran's industrial strategy of providing a repair facility on each continent, located as close as possible to areas of need to best serve airline customers, and at the same time reduce the activity's carbon footprint, said Safran Aircraft Engines CEO Jean-Paul Alary.
Based in Mentor, Ohio, CRT has expertise in the repair of casings and rotating parts, Safran said. Announced in 2024, the move will add 450 employees to Safran's payroll.
CRT will perform engine parts repair activities to support shop visits on behalf of Safran Aircraft Engines for carriers with service contracts, as well as for other engine-makers and third-party companies in the MRO market.
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