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Mubadala Aerospace and Engineering Services companies lay foundation for future growth
Abu Dhabi - Turbine Service and Solutions LLC (TS&S) and Turbine Services and Solutions Aerospace LLC (TS&S Aerospace) today announced the integration of their two businesses following Ahmed Al Moosa's decision to retire. Mr. Al Moosa, CEO of TS&S, has led the company since its inception and will support the transition of the business during the integration.
A single management structure for the two companies will enable coordinated growth and development. Abdul Khaliq Saeed, CEO of TS&S Aerospace, will become CEO of the new combined business.
Abdul Khaliq Saeed, CEO of TS&S Aerospace, said:"Ahmed has been a core part of TS&S' success and we thank him for his dedication and support.This integration is an important step in the development of the business. With a single decision making and governance framework under one board, as well as unified financial reporting, business planning and asset management oversight, we are ideally placed to capitalize on future opportunities."
Operating from its state-of-the-art gas turbine facility, TS&S supports customers in the UAE, the MENA region and beyond. Its capabilities in overhauling gas turbine engines include Rolls Royce's industrial Avon and Trent engines, the Solar Centaur engine and General Electric's LM2500 engine, as well as the family of GE Heavy Frame Gas Turbines, in partnership with GE.
TS&S Aerospace supports a global customer base, including operators in Turkey, Africa, Europe and the Middle East. Its special-process shop houses state-of-the-art equipment, providing an unrivaled level of repair quality. Approved by major Original Equipment Manufacturers and airworthiness authorities, TS&S Aerospace has consolidated its position as a center for the Rolls Royce Trent 700 and the International Aero-Engines V2500 engine models, as well as General Electric's next generation GEnx.
Following integration, the companies will operate under one Board of Directors and CEO, forging a more efficient business model and organizational structure. In addition, the move will also optimize potential synergies, particularly in relation to shared services and pooled resources.
Grant Skinner, Executive Director of Aerospace and Defense Services at Mubadala, commented:"We thank Ahmed for his considerable efforts and wish him a long, happy retirement. We now look forward to supporting TS&S in their next phase of growth. Engine MRO is an important pillar of our strategy to support the diversification of Abu Dhabi's economy."
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About Turbine Services & Solutions LLC
Turbine Services & Solutions LLC (TS&S) is a leading service and solution provider for a wide range of industrial gas turbines for the Middle East and North Africa's oil & gas and energy industries. TS&S is wholly owned by Mubadala Company.
Operating from its state-of-the-art gas turbine facility adjacent to Abu Dhabi International Airport, TS&S supports gas turbine users in the UAE, the MENA region and beyond. Its capabilities in overhauling gas turbine engines include: Rolls Royce's industrial Avon and Trent engines, the Solar Centaur engine, Pratt & Whitney's GG4 engine and General Electric's LM2500 engine, as well as the family of GE Heavy Frame Gas Turbines. TS&S is the only authorized Maintenance, Repair and Overhaul (MRO) base for Rolls Royce's Trent engine outside of Rolls Royce itself and is the only MRO base for Rolls Royce's Avon engine in Asia. TS&S is the majority shareholder in Gulf Turbine Services, a joint venture company with General Electric, focused on the refurbishment of heavy frame gas turbine components. TS&S also have a Joint Venture with Liburdi Turbines of Canada for the component repair of gas turbines, power turbines and other turbo machinery parts.
The Company's principle activities include: repair and overhaul of gas turbines, power turbines, and associated equipment; component refurbishment for all types of gas turbines; engineering and maintenance support; relocation of gas turbine packages; total turbine package support; and comprehensive MRO program solutions.
To learn more about TS&S or Mubadala, log onto www.ts-s.ae or www.mubadala.ae.
About Mubadala Development Company
Established and owned by the Government of Abu Dhabi, the company's strategy is built on the creation of partnerships and on long-term, capital-intensive investments that deliver strong financial returns and tangible social benefits for the Emirate of Abu Dhabi, and that contribute to the growth and diversification of its economy.
Mubadala brings together and manages a multi-billion dollar portfolio of local, regional and international investments and partners with leading global organizations to operate businesses across a wide range of industry sectors. These include aerospace, semiconductors, metals & mining, oil & gas, renewables, information & communications technology, healthcare, real estate & infrastructure, and services.
For more information about Mubadala please visit www.mubadala.com.
Media Contacts:
Ahlam Alhammadi
aalhammadi@ts-s.ae
+971 50 6427 107
Ryan Jelniker
Ryan.jelniker@edelman.com
+971 56 669 5813
© Press Release 2015
