In July, Volvo Aero announced that an agreement had been signed regarding the divestment of the US subsidiary, Volvo Aero Services, in Florida, USA.
The new name of the company is “VAS Aero Services” and Claes Malmros will remain President of the company.
The decision to divest Volvo Aero Services was based on the strategy to focus on Volvo Aero’s core business of developing and manufacturing aero engine components.
Maintenance, repair and overhaul of aero engines and gas turbines in Trollhättan, Sweden, are not affected by the sale.
October 7, 2010