Turbine Service and Solutions LLC (TS&S), a wholly owned by Mubadala Company, and Turbine Services and Solutions Aerospace LLC (TS&S Aerospace) 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 (photo), 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.”