CHEP acquires Airworld
06 / 03 / 2014
ULD repair specialist CHEP Aerospace Solutions has acquired Airworld Services and Airworld Containers, a unit load device maintenance organisation (MRO), with facilities at London Heathrow, London Gatwick, Manchester and East Midlands airports in the UK.
The transaction increases the number of CHEP-owned MRO facilities to 29 stations worldwide.
Airworld employs 86 staff and serves global airlines and service providers including British Airways and DHL.
Airworld's stations are EASA Part 145-certified and will be integrated into the global CHEP MRO network connected through its proprietary web-based global repair management system ACTIS.
Airworld’s former owner, Gwyn Powell, says: "This is a natural evolution of the Airworld business.
“The acquisition will bring considerable additional opportunities of growth, provide financial security and ensure access to CHEP's expertise, technologies and corporate values," he adds.
CHEP president Dr Ludwig Bertsch, states: "This acquisition is a further important step towards building a global aerospace business.
“Airworld has an exceptional reputation in the industry and we were able to experience its high quality standards while the company performed repair services to CHEP during 11 years as a sub-contracted ULD repair partner.”