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Mitsubishi Heavy Industries Gains 40% ATLA Equity Stake

Posted on August 9, 2010

Mitsubishi Heavy Industries has acquired a 40% equity stake in ATLA S.r.l., an Italian gas turbine parts manufacturing and repair company, to extend its gas turbine maintenance services in Europe.

By obtaining equity in ATLA, Mitsubishi also gained 40% of ATLA’s outstanding shares from AVIO S.p.A., an Italian aerospace company, as well as ATLA’s president.

Mitsubishi will send directors to ATLA and boost ATLA’s technical support structure to provide gas turbine component repair services and small parts and auxiliary equipment maintenance. The two companies will also consider plant expansion.

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