Press Releases
ICON advises aerospace company AVISA on its sale to Luxembourg based ENEX Group SA
December 2010
AVISA Group has announced that ENEX Group SA has acquired a majority stake in the company. The global aviation and airworthiness specialist will benefit from a long term commitment to growth, strong financial backing as well as expert management services.
Founded in 2004, AVISA have offices in the UK, Eastern Europe, Asia and the Middle East and a blue chip clients that includes: BA, BAE Systems, EasyJet, Honeywell, Ministry of Defence, QinetiQ, Westland Helicopters, Ryanair, The Civil Aviation Authority, Gulf Air, FlyDubai, Eithad Airways and Al Jaber Group.
"We are extremely pleased to have acquired the backing of ENEX Group SA. Their participation will allow us to increase the capability and capacity of our current services and pursue growth and expansion as we move forward. In the longer term both current and new clients will benefit as we now have a commitment to growth that is underpinned by strong financial backing. This will see AVISA strengthen its status as a world leading provider in aviation safety services." explained Justin Goatcher, AVISA Managing Director.
ENEX Group SA is focused on acquiring and supporting the development of entrepreneurial fast growth companies. Following its significantly strengthened reputation as one of the world's leading providers of aviation safety services over the last year the AVISA Group is set to play a key role in ENEX Group SA's plans.
Commenting on the aquisition Arthur Davis, Founder and CEO of ENEX Group SA said: "We are pleased to have had the opportunity to acquire AVISA Group. We were very impressed with the quality of their management team and the growth opportunity the Company represents.
Justin Goatcher added, "ENEX Group SA wants to work with companies that not only have an outstanding reputation but also deliver an excellent service and can be at the forefront of developments in the industry. We have worked hard to build our reputation and this is recognition of our position and our potential going forward."
AVISA and its sister company AVISA Gulf bring approved aviation safety services to partners throughout the world. AVISA routinely provides expert services and training to airlines, fleet and individual operators and maintenance repair organisations (MRO).
AVISA endeavours to ensure operators and owners remain compliant with all safety and airworthiness regulations. The company's aviation experts provide innovative, safety enhancing, cost effective and more visible systems for managing aircraft and their required maintenance.
