ITP Aero has signed a binding agreement to acquire Aero Norway, enhancing its MRO capabilities for CFM56 engines and reinforcing its growth strategy in the aerospace maintenance market.

Target Information

ITP Aero, a global leader in aerospace propulsion, has signed a binding agreement to acquire Aero Norway, a prominent provider specializing in maintenance, repair, and overhaul (MRO) services for CFM56 engines. This strategic acquisition is aimed at enhancing ITP Aero's capabilities in engine maintenance and repair and is set to close in the first half of 2026, pending the usual regulatory approvals. With state-of-the-art facilities located at Sola Airport in Stavanger, Norway, Aero Norway is renowned for the high quality of its CFM56 engine maintenance services and has developed a growing portfolio of clients, which includes airlines, leasing companies, and global asset managers.

Aero Norway boasts a skilled workforce exceeding 200 professionals and is recognized for its quality and reliability within the MRO sector. This acquisition significantly aligns with ITP Aero's strategic focus on reinforcing its positioning in the global aerospace maintenance market, particularly within major commercial aviation platforms. The complementary strengths of both companies—Aero Norway's in-depth expertise in CFM56 engine overhauls combined with ITP Aero's robust engineering base and advanced component repair capabilities—will create substantial synergies that enhance the competitiveness and value of their MRO services together.

Industry Overview

NORWAY: The aerospace industry in Norway has continually evolved, with an increasing emphasis on maintenance and repair services driven by a growing fleet of aircraft and the need for reliable, high-quality maintenance solutions. The CFM56 engine, used widely across various a