Volvo sells VAES

News

Pratt & Whitney has announced that it will purchase the majority of Volvo Aero Engine Services' (VAES), assets. Financial terms of the agreement were not disclosed.

has announced that it will purchase the majority of Bromma, Sweden-based

(VAES) assets. Financial terms of the agreement were not disclosed.

Assets to be purchased include the spare parts inventory and engine overhaul tooling and machinery for the JT8D, JT9D and PW4000 engines made by Pratt & Whitney.

The tooling and machinery will be moved to Pratt & Whitney Global Service Partners (GSP) locations worldwide to support maintenance, repair and overhaul (MRO) activities. The spare parts inventory will be distributed among the six GSP engine overhaul centres and the company's spare parts hub in Dallas, Texas.

The Volvo Aero Engine Services facility in Bromma currently overhauls PW4000 94-inch, JT8D-200 and JT9D engines. On November 7, 2006, VAES announced a strategic decision to close the Bromma facility.

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