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SR Technics, a world leading MRO service provider, is pleased to announce that it has entered into an agreement with SIA Engineering Company (SIAEC) which will acquire a 75% stake in SR Technics Malaysia Sdn Bhd (“SRT Malaysia”), to form a component maintenance, repair and overhaul (“MRO”) joint venture (“JV”). The JV will complement SIAEC’s existing component repair and overhaul services and fleet management programs. This follows the earlier announcement on 1 March 2021 of the potential acquisition (in part or whole) of SRT Malaysia, located in Selangor, Malaysia.