Schivo has expanded its aerospace operations with a deal to acquire Derry-based Maydown Precision Engineering.
The acquisition by the Waterford company has created a major indigenous supplier to the global aerospace manufacturing industry on the island of Ireland – one whose customers work on Airbus, Boeing, and Bombardier programs. Schivo has bought the business and assets of MPE, based at the company’s 12,000 sq.m manufacturing facility near Derry, Northern Ireland. MPE’s 133-strong workforce will continue to be based there and the company’s contracts with its customers will continue to be fulfilled from there.
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