Safran Aircraft Engines has announced its plans to acquire Component Repair Technologies (CRT), a U.S.-based leader in aircraft engine parts repair. This move is part of Safran’s broader strategy to expand its maintenance, repair, and overhaul (MRO) capabilities in the Americas, further solidifying its global presence in the aviation sector. The acquisition will enable Safran to enhance its support for the growing fleet of LEAP-powered aircraft worldwide.
Based in Mentor, Ohio, CRT employs more than 450 specialists and focuses on the repair of large engine components such as cases and rotating parts for the CFM56, LEAP, and other large turbofan engines. As an integral addition to Safran’s MRO network, CRT will complement the company’s existing repair facilities in France, the U.S., and Mexico. Jean-Paul Alary, CEO of Safran Aircraft Engines, said, “This contemplated acquisition clearly reflects our plans to ramp-up our global MRO network, and we are delighted to be able to rely on the proven expertise of CRT.”
Safran’s MRO strategy includes substantial investments in its current operations and new facilities, particularly to accommodate the rapidly expanding global fleet of LEAP-powered aircraft. With over 7,500 LEAP engines already delivered and an additional 10,600 engines on order, the LEAP engine has logged more than 50 million flight hours across 170 operators worldwide. These engines, designed to reduce CO2 emissions by 15-20% compared to older models, are not only energy-efficient but also help reduce aircraft noise.
CRT’s expertise will be utilized in Safran’s shop visits for airline maintenance under CFM Services agreements and for other OEMs and third-party MRO companies. CRT’s inclusion is expected to streamline Safran’s industrial operations, helping the company meet the rising demand for LEAP engine support services.
Nicolas Potier, Vice President of Support, Services & MRO at Safran Aircraft Engines, commented, “Adding CRT’s capabilities to our network provides a major asset to support our customers’ operations worldwide. It also reflects our industrial strategy of providing a world-class MRO source on each continent.”
The acquisition is subject to regulatory approvals and is expected to be completed by the end of 2024. Once finalized, CRT will play a critical role in Safran’s plan to enhance MRO services and reduce its carbon footprint while delivering top-notch support to global operators.