Montreal-based Essential Turbines Inc. has reached an agreement with ITP Aero to acquire Malta's MRO Aeromaritime Mediterranean. Aeromaritime focuses on Rolls-Royce M250 and RR300 engines and is an authorised maintenance, repair and overhaul centre with over 40 years of experience supporting global civil and military operators.

ETI president and CEO Gannon Gambeski says: “We are excited to add Aeromaritime to the Essential Turbines group. Aeromaritime is a highly regarded AMROC that further expands ETI's global footprint while offering enhanced capabilities and access to our customers and the Rolls Royce network. This acquisition is another step in delivering on Essential Turbines' overall growth strategy. We look forward to building on Aeromaritime's strong foundation and decades of expertise.”

After closing, ETI will have MRO sites across both North America and Europe.

ITP Aero EVP of MRO Alan Jones says: “We are deeply committed to delivering unparalleled value for our customers, partners, suppliers, shareholders and employees as a higher-growth, higher-margin, pure-play engine company and, in this regard, we are fully determined to continue to build a dedicated platform to support the global commercial aviation aftermarket. This decision reaffirms our commitment to simplify our business to focus on larger commercial and defence engines. At the same time, we believe that we have found a good home for the Aeromaritime team to continue to deliver an excellent service to the M250 and RR300 market.”

The deal is expected to complete in the second quarter of 2025, subject to standard closing conditions and regulatory approval.