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NYGE Aero

Status
Realised
Country
Sweden
Strategy
Mid Cap
Sector
Business Services
Entry
Aug-90
Exit
May-99
Fund
IK 1989

Aviation services provider

Nyge Aero Norden provides various aviation services including maintenance and engineering. It is a leader in special flight services such as target flights, calibration and testing for military and civilian purposes in Sweden, Norway, Austria and Greece. The company was established in 1956 and has 170 employees

Nyge Aero provides maintenance and modification of military and commercial aircraft and helicopters, as well as agency operations and target aircraft.

In August 1990, the IK 1989 Fund acquired Nyge Aero from private owners in conjunction with the CSE Oxford Ltd investment. Following separation form CSE Oxford in 1994, IK’s stake was sold to SAAB in May 1999.

Our Value Creation Strategy

During our ownership, we worked alongside the management team to:

  • Develop engineering and maintenance service businesses; and
  • Diversify and enter new markets such as target towing.