4 March, 2019: Magnetic MRO has acquired Direct Maintenance, an Amsterdam-based independent MRO provider that specialises in line maintenance for narrow- and wide-body aircraft.
The deal has been signed in February 2019 and covers 100 percent transfer of Direct Maintenance's shares from its previous owner Direct Aviation Group to Magnetic MRO.
Airbus A380 and Boeing 787 has been added to the deal which will increase Magnetic MRO group’s capabilities and doubles its global line stations network while allowing the Dutch company to keep the Direct Maintenance brand.
“I am glad to welcome Direct Maintenance as a new member to our group. I would also like to thank previous shareholders for a productive negotiation process and their belief in Magnetic MRO – we will support the company’s growth to a new level, continue offering premium value for its customers, and provide its team members with new opportunities for professional growth,” said Risto Mäeots, the CEO of Magnetic MRO. “The acquisition is a part of our strategic development plan. It will allow us to further expand our total technical care programme, as well as synergise Magnetic MRO’s and Direct Maintenance’s efforts in customer support, business development, and other areas.”
“For almost 20 years, Direct Maintenance has been carefully and very successfully building its global network of efficient and modern line support. By joining Magnetic MRO’s group, we gain stimulus for a new, even more, ambitious and exciting step in our development. In addition, on behalf of the team, I would like to thank our customers for the long-standing trust, and, rest assured, they will be the main beneficiaries of our cooperation with Magnetic MRO,” said Frank Daams, the Managing Director of Direct Maintenance.