SIA Engineering Company to Partner with Stratasys

sia
Deal Facts
Deal Type: Partnership
Deal Sub-Type: Joint Venture
Partners: SIA Engineering Company Ltd
Stratasys, Ltd.
Deal Country: Singapore
Deal Status: Announced
Announced Date: 05-Apr-2017
Deal in Brief
SIA Engineering Company Limited (SIAEC), a Singapore-based provider of aircraft maintenance, repair and overhaul (MRO) services, has signed a memorandum of understanding (MOU) to partner with Stratasys, Ltd., a US-based manufacturer of three-dimensional (3D) printers and and materials, to accelerate the adoption of 3D printed production parts for commercial aviation.

Under the terms of transation, the parties will explore a joint venture (JV) to be majority owned by SIAEC.

SIAEC and Stratasys intend to establish a Singapore-based Additive Manufacturing Service Centre, offering design, engineering, certification support and part production to SIAEC’s network of partners and customers.

Deal Rationale
The transaction will enable SIAEC to strengthen its suite of MRO solutions and enhance its support to customers.

Targets

Company Name:
Address:
31 Airline Road, Singapore
Country:
Singapore
Phone:
65 65416794
Fax:
65 65451257
Website
Company Name:
Stratasys, Ltd.
Address:
7665 Commerce Way, Eden Prairie,
Country:
United States of America
Phone:
1 972 8 931 4314

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