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Hartenberg acquires one of the largest independent MRO providers in Europe
Hartenberg founder and co-owner Jozef Janov adds: “We see a great potential with this investment. The aviation industry is growing dynamically and a new generation of aircraft is just coming to service. Both companies Linetech and Adria are very well prepared for this growth and modernization with the highly skilled team and modern facilities. We also believe in good cooperation with existing management and with founders, who will remain in the Company with a significant shareholding stake. Our intention is to support new investment initiatives of both companies and we hope to continue with the impressive growth from recent years.”
“By teaming up with a financial investor we will gain the possibility to finance our future investment plans. Our core strategy will remain focus on MRO, where we would like to build up and increase market position on the European market”, said Krzysztof Pietkun, Chairman of the Supervisory Board.
Avia co-founder and CEO Piotr Kaczor added: “Strong financial background of our partner will support our ambitious development and innovations plans. Shortly we will start to service the new generation aircrafts such as Boeing 737Max, Airbus A320Neo, Boeing787 Dreamliner and Airbus A350. Currently, we are increasing our capacity by building new hangars and recruiting newly qualified technicians. In next 2 years, in order to meet the growing demand from our clients and leasing companies, we plan to increase significantly workforce and scale of our operations”.