EU approves Chinese HNA’s acquisition of Swiss SR Technics

by swisscham in BUSINESS NEWS

The European Union (EU) regulators have greenlighted the acquisition of Swiss aircraft solutions provider SR Technics by Chinese conglomerate HNA Group, the EU said on Tuesday. The European Commission, the bloc’s executive body, in a statement said that the proposed acquisition “would raise no competition concerns, because there are only limited overlaps between the companies’ activities.” HNA Group, founded in 1993, is a Chinese conglomerate encompassing core divisions of aviation, holdings, capital, tourism and logistics. SR Technics is a technical aircraft solutions provider, offering maintenance, repair and overhaul services for commercial aircraft. In September, the Commission approved HNA’s acquisition of Swiss Gategroup, which provides catering services and retail on-board aircrafts and other related ancillary activities such as on-board service equipment and supply chain and logistics solutions or management of airport lounges.

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Your Swiss Business Platform in China

SwissCham China has roughly 600 company members. Our Chamber maintains a strong relationship with the Embassy of Switzerland, Switzerland Global Enterprise, Swissnex and Switzerland Tourism. As the representative of the Swiss companies established in China, our goal is to help you to increase your business and visibility, especially amongst the Sino-Swiss business community.

Become A Member

Sign Up For Our Newsletter

  • This field is for validation purposes and should be left unchanged.
July 17, 2023
Published By in Business
July 16, 2023
Published By in Engineering / Manufacturing
July 13, 2023
Published By Consulate General of Switzerland in Guangzhou in Engineering / Manufacturing
July 3, 2023
Published By in Bilateral Relations