Extension of financing with Swiss Bank Consortium
SR Technics is pleased to announce that, effective October 1, 2020, its design engineering solutions department will be transferred to groWING.aero as part of a sale that ensures the continuity of these services. This is due to the industry-wide COVID-19 crisis and the changing market environment where SR Technics has decided to focus on engine services and line maintenance in Switzerland. SR Technics will remain involved until the end of this year to support a smooth transition to the new owner.
All SR Technics staff dedicated to design engineering solutions at the Belgrade, Dublin and Zurich locations will continue to be employed at groWING engineering partners GmbH under the umbrella of the Swiss company groWING (holding) AG, based in Hünenberg, canton of Zug.
Many valuable relationships have been established over the many years that SR Technics has provided its customers with sophisticated design engineering. groWING.aero is committed to maintaining these relationships during and after the transition.
The new groWING.aero design organization will continue to provide services under approval reference EASA.21J.770, and customers will continue to receive support from the former SR Technics team led by Randolph Odi as the previous and new operational lead, and in sales and customer support by Oladimeji Olukolu, also part of the current SR Technics team. Together with Patrik Kobler and Manfred Brunner from groWING.aero, the four managing partners will support the integration of the organization into the groWING.aero network. Jointly they will support the existing clients and design solutions and ensure the continuity into the future, while developing new services and products for its valued customer base.
Jakob Straub, Senior Vice President Aircraft Services at SR Technics, said: “With groWING.aero, we are pleased to have found a reliable Swiss partner who will take over all existing projects and incorporate the SR Technics employees. This seamless business transfer guarantees business as usual for ongoing projects and existing customers.”
Patrik Kobler, Accountable Manager and Managing Partner at groWING.aero, said: “We are proud to have the opportunity to acquire an established organization with the excellent reputation of SR Technics. We are looking forward to new encounters with customers, employees, and our two new managing partners Randolph Odi and Oladimeji Olukolu and the coming joint successes.”