Standard Aero Aviation Holdings Inc (www.standardaero.com) has bought Vector Aerospace Holding SAS from Airbus.

The latter is a maintenance, repair and overhaul (MRO) company that provides support for turbine engines, components, fixed-wing and rotary-wing aircraft.

It generated revenues of over $700 million in 2016 and employs about 2,200 people in 22 locations — in Canada, the USA, the UK, France, Kenya, South Africa, Australia and Singapore.

The enlarged Standard Aero has more than 6,000 employees in 42 locations on five continents, along with annual revenues of about $3 billion.

CEO Russell Ford said: “We are excited to join forces with the Vector team in becoming one of the largest MRO companies in the world.

“Our combined organisations are better positioned to provide the industry with more global services, expanded MRO capabilities and operational benefits to deliver faster higher-quality solutions to our combined customers world-wide.”

Standard Aero is a global provider of services, including engine and airframe maintenance, repair and overhaul, engine component repair, engineering services, interior completions and paint applications.

It serves a diverse array of customers in business and general aviation, airline, military, helicopter, components and energy markets.

It celebrated its 100th year of operation in 2011, and it was purchased in 2015 by Veritas Capital, a leading private-equity firm based in New York City.