Aircraft Maintenance Support Services (AMSS) has been sold to JBT Corporation for approximately £10m.
The family-owned, Wales-based business was founded 40 years ago by Duncan Barber, and manufactures and maintains a range of ground support equipment for both the civil and military aviation sectors. The sale is expected to add US$20m of additional revenues to JBT Corporation.
Commenting on the sale, Duncan Barber, the founder of AMSS said: “This is an extremely exciting chapter in the history of the company as the sale enables us to utilise the scale and resource of JBT Corporation, while opening new markets to AMSS’s products.
“I am delighted that AMSS has now become part of the JBT Group, an organisation which I have respected for many years. I have no doubt that this will strengthen the future opportunities for AMSS in Wales.”
