Rhinestahl Corporation announced that it has entered into an agreement to acquire HYDRO Systems KG. The agreement plans were announced at MRO Americas in Chicago during a presentation by Dieter Moeller, CEO and President of Rhinestahl, and by Thomas Elsner, CEO of HYDRO.
Combined, the organizations will become RH Aero Systems, and will set the new standard in comprehensive life cycle solutions. This covers engine and airframe tooling, ground support equipment and innovative engineered products and services along with asset management and sustainment. Further, through an extensive local services presence including strong onsite technical expertise and assistance, RH Aero Systems will reshape capability and support expectations for OEMs, MROs, and Operators worldwide.
“When you take Rhinestahl which is #1 in GE and CFM OEM-approved engine tooling, customer responsiveness, large shop experience and onsite technical support and combine it with HYDRO which is #1 in Rolls-Royce OEM-approved engine tooling, innovative engineered products, Airbus and Boeing airframe tooling, precision manufacturing expertise and global support services, you are creating the world-class leader uniquely positioned to serve the growing demands of OEMs, MROs and Operators around the world,” stated Thomas Elsner, CEO of HYDRO. “The synergies between these two industry leaders will fundamentally shift what the market can expect from a one-stop-shop solution provider.”
“Previously, when you assessed the tooling and GSE market, there were a handful of significant players. But now, in combining Rhinestahl and HYDRO, the two largest and most comprehensive industry leaders, along with the synergies that will be available to all our customers by leveraging the two business’s complimentary expertise, competencies, and resources, game changing value will be created for our customers. These synergies are holistic, providing new and upgraded support and services where the sum is so much greater than the simple sum of the two parts,” stated Dieter Moeller, CEO and President of Rhinestahl. “With OEM leading positions, shared passions in innovation, strong commitments to high-quality and responsive support, plus proven technical execution competence across the support equipment and services lifecycle, I am excited to see how these two industry leading teams will work together to redefine and set new industry standards of customer and industry support.”