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Mubadala unit announces key investment in Irish firm

SR Technics, a part of the Abu Dhabi-based Mubadala Aerospace MRO network, has announced a strategic investment in leading Irish firm Armac Systems.

It is a leading provider of aircraft MRO inventory planning and optimization software and solutions.

This investment will result in a close strategic partnership between the two companies, enabling customers to benefit from a turn-key planning solution that will continuously optimize component inventory asset investment and maximize component availability, said the company in a statement.

The duo has successfully collaborated for several years providing significant benefits to SR Technics and its customers. Combining both companies’ core competencies will allow SR Technics to continue delivering enhanced inventory management and optimization solutions to its customers, it added.

Micheál Armstrong, the CEO of Armac Systems, said: "This is a very welcome development for Armac Systems. It is a natural evolution of our relationship with SR Technics to combine the market-leading services offered by both companies."

"This combined solution will deliver a unique inventory planning offering to the market that will help our customers maximize the value from their inventory investment. We look forward to leveraging the strong market
position of SR Technics to significantly develop the business in the coming years," noted Armstrong.

André Wall, the CEO of SR Technics, said: "As an inventory management systems specialist Armac Systems has a deep understanding of innovative solutions for the highly complex MRO business."

"Our collaboration has resulted in a market-leading inventory planning and monitoring system to boost supply chain efficiency and deliver outstanding fleet protection," he added.-TradeArabia News Service