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16-Sep-2020 9:53 PM

SR Technics announces management buyout of Armac Systems

SR Technics announced (14-Sep-2020) a management buyout of subsidiary Armac Systems, which has provided inventory optimisation software and consulting services since its acquisition in 2014. SR Technics stated that as component services is now ramping down, there is no longer a critical need for the services that Armac Systems provides to be retained as an in-house capability. The company's launch of Armac Systems as a separate entity is part of a new company-wide strategy of SR Technics to build a "focused engine services portfolio" that "meets customer needs on a dynamic market", SR Technics stated. [more - original PR]

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