Statement from the Competition Council regarding the economic concentration project concerning the acquisition by BP Aero Buyer, LLC of the exclusive control of BP Aerospace LLC, BP Aero Services LLC, BP Aero Tooling LLC, BP Aero Corp. and BP Aero Engine Services LLC (« BP Aero ») through the acquisition of 100% of its capital and voting rights.

Statement from the Competition Council regarding the economic concentration project concerning the acquisition by BP Aero Buyer, LLC of the exclusive control of BP Aerospace LLC, BP Aero Services LLC, BP Aero Tooling LLC, BP Aero Corp. and BP Aero Engine Services LLC (“BP Aero”) through the acquisition of 100% of its capital and voting rights
In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 adopted for its implementation, as amended and supplemented, the Competition Council makes available to the public the “summary of the operation” below, containing the information provided by the parties.
This information has been prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation.
The publication of this statement does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 adopted for the implementation of Law No. 104-12 on freedom of prices and competition, as amended and supplemented.
Names of the companies and groups involved:
– The acquirer: “BP Aero Buyer, LLC”;
– The targets:
o “BP Aerospace LLC”;
o “BP Aero Services LLC”;
o “BP Aero Tooling LLC”;
o “BP Aero Corp.”;
o “BP Aero Engine Services LLC” (“BP Aero”).
Nature of the operation
– Acquisition of exclusive control
Economic sectors concerned
– Maintenance, Repair, and Overhaul (“MRO”) sector for aircraft engines or certain components
Deadline for interested third parties to submit their observations
– 10 days from the date of publication of this statement, i.e., November 10, 2023
NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES
The Competition Council has received a notification of an economic concentration operation concerning the acquisition by BP Aero Buyer, LLC of the exclusive control of BP Aerospace LLC, BP Aero Services LLC, BP Aero Tooling LLC, BP Aero Corp. and BP Aero Engine Services LLC (“BP Aero”).
“BP Aero Buyer” is a limited liability company under Delaware law, headquartered at Suite 302, 4001 Kennett Pike, Wilmington, DE, USA 19807.
“BP Aero” is an independent provider of maintenance, repair, and overhaul (MRO) services for civil, commercial, and military aircraft, particularly engine disassembly, engine part overhaul, accessory overhaul, workshop hospital repairs of engines, and field repairs.
Done in Rabat on October 30, 2023