Magnetic MRO Acquired By Chinese Investor

Chinese engineering and repair specialist Guangzhou Hangxin Aviation Technology has acquired Magnetic MRO after buying 100% of shares in the Estonian company. Announced today (Jan. 3) in a statement, Magnetic MRO said Hangxin will now be the sole strategic investor after acquiring the shares from its private equity parent company BaltCap along with unnamed minor shareholders. A spokesperson told MRO-Network.com that further details of the change in ownership will be unveiled in March ...