{"id":48177,"date":"2026-07-16T07:55:11","date_gmt":"2026-07-16T07:55:11","guid":{"rendered":"https:\/\/conseil-concurrence.ma\/communique-du-conseil-de-la-concurrence-relatif-au-projet-de-concentration-economique-concernant-la-prise-du-controle-conjoint-indirect-de-la-societe-revima-holding-sas-par-la-societe\/"},"modified":"2026-07-17T08:02:10","modified_gmt":"2026-07-17T08:02:10","slug":"statement-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-indirect-joint-control-acquisition-of-the-company-revima-holding-sas-by-the-company","status":"publish","type":"post","link":"https:\/\/conseil-concurrence.ma\/en\/statement-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-indirect-joint-control-acquisition-of-the-company-revima-holding-sas-by-the-company\/","title":{"rendered":"Statement from the Competition Council regarding the economic concentration project concerning the indirect joint control acquisition of the company \u201cRevima Holding SAS\u201d by the company \u201cSanad Services Group\u201d and the investment fund \u201cAce A\u00e9ro Partenaires II S.L.P.\u201d"},"content":{"rendered":"<p>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 issued for its implementation, as amended and supplemented, the Competition Council makes available to the public the \u201coperation summary\u201d below, containing the information provided by the parties.<\/p>\n<p>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&#8217;s position on the proposed operation.<\/p>\n<p>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 issued for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented.<\/p>\n<p><strong>Names of the companies and groups involved:<\/strong><\/p>\n<ul>\n<li><strong>The acquirers<\/strong>:<\/li>\n<li>The company \u201cSanad Services Group\u201d;<\/li>\n<li>The investment fund \u201cAce A\u00e9ro Partenaires II S.L.P.\u201d;<\/li>\n<li><strong>The target<\/strong>: The company \u201cRevima Holding SAS\u201d and its subsidiary companies.<\/li>\n<\/ul>\n<p><strong>Nature of the operation<\/strong><\/p>\n<ul>\n<li>Joint control acquisition.<\/li>\n<\/ul>\n<p><strong>Economic sectors concerned<\/strong><\/p>\n<ul>\n<li>Aeronautical sector.<\/li>\n<\/ul>\n<p><strong>Deadline for interested third parties to submit their observations<\/strong><\/p>\n<ul>\n<li>10 days from the date of publication of this statement, i.e., July 27, 2026.<\/li>\n<\/ul>\n<p><strong>NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES<\/strong><\/p>\n<p>The Competition Council has received notification of an economic concentration project concerning the indirect joint control acquisition of the company \u201cRevima Holding SAS\u201d and its subsidiary companies by the company \u201cSanad Services Group\u201d and the investment fund \u201cAce A\u00e9ro Partenaires II S.L.P.\u201d, represented by \u201cTikehau Investment Management SAS\u201d acting as a management company through a common ad hoc vehicle.<\/p>\n<p>\u201cSanad Services Group\u201d is a limited liability company established under the laws of Abu Dhabi, with its registered office in Abu Dhabi, United Arab Emirates, at P.O Box 45005, and registered under number CN-2969483. \u201cSanad Services Group\u201d is a holding company wholly owned by \u201cMubadala Investment Company PJSC\u201d, itself wholly owned by the Government of Abu Dhabi.<br \/>\n\u201cSanad Services Group\u201d is engaged in providing maintenance, repair, and overhaul (MRO) services for engines and related after-sales services in the United Arab Emirates, with its activities conducted through its exclusive operational subsidiaries.<\/p>\n<p>\u201cAce A\u00e9ro Partenaires II S.L.P.\u201d is a French law limited partnership company, with its registered office in France at 32 rue de Monceau, 75008 Paris, and registered with the Paris Trade and Companies Register under number 982 137 812 RCS. \u201cAce A\u00e9ro Partenaires II S.L.P.\u201d is an investment fund represented and managed by \u201cTikehau Investment Management SAS\u201d. \u201cTikehau Investment Management SAS\u201d is a simplified joint-stock company with its registered office at 32 rue de Monceau, 75008 Paris, and registered with the Paris Trade and Companies Register under number 446 909 491 RCS. This company is a wholly-owned subsidiary of \u201cTikehau Capital SCA\u201d, the parent company of the global asset management and investment Group (Tikehau Capital).<\/p>\n<p>\u201cRevima Holding SAS\u201d is a French simplified joint-stock company, with its registered office in France at 1 avenue du Latham, 47 Caudebec-en-Caux, 76490 Rives-En-Seine, France, and registered with the Rouen Trade and Companies Register under number 845 266 725 RCS. This company operates mainly in the areas of APU (Auxiliary Power Unit) MRO and aircraft landing gear.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: right;\">Done in Rabat on July 16, 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 issued for its implementation, as amended and supplemented, the Competition Council makes available to the public the \u201coperation summary\u201d 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&#8217;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 issued 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 acquirers: The company \u201cSanad Services Group\u201d; The investment fund \u201cAce A\u00e9ro Partenaires II S.L.P.\u201d; The target: The company \u201cRevima Holding SAS\u201d and its subsidiary companies. Nature of the operation Joint control acquisition. Economic sectors concerned Aeronautical sector. Deadline for interested third parties to submit their observations 10 days from the date of publication of this statement, i.e., July 27, 2026. NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES The Competition Council has received notification of an economic concentration project concerning the indirect joint control acquisition of the company \u201cRevima Holding SAS\u201d and its subsidiary companies by the company \u201cSanad Services Group\u201d and the investment fund \u201cAce A\u00e9ro Partenaires II S.L.P.\u201d, represented by \u201cTikehau Investment Management SAS\u201d acting as a management company through a common ad hoc vehicle. \u201cSanad Services Group\u201d is a limited liability company established under the laws of Abu Dhabi, with its registered office in Abu Dhabi, United Arab Emirates, at P.O Box 45005, and registered under number CN-2969483. \u201cSanad Services Group\u201d is a holding company wholly owned by \u201cMubadala Investment Company PJSC\u201d, itself wholly owned by the Government of Abu Dhabi. \u201cSanad Services Group\u201d is engaged in providing maintenance, repair, and overhaul (MRO) services for engines and related after-sales services in the United Arab Emirates, with its activities conducted through its exclusive operational subsidiaries. \u201cAce A\u00e9ro Partenaires II S.L.P.\u201d is a French law limited partnership company, with its registered office in France at 32 rue de Monceau, 75008 Paris, and registered with the Paris Trade and Companies Register under number 982 137 812 RCS. \u201cAce A\u00e9ro Partenaires II S.L.P.\u201d is an investment fund represented and managed by \u201cTikehau Investment Management SAS\u201d. \u201cTikehau Investment Management SAS\u201d is a simplified joint-stock company with its registered office at 32 rue de Monceau, 75008 Paris, and registered with the Paris Trade and Companies Register under number 446 909 491 RCS. This company is a wholly-owned subsidiary of \u201cTikehau Capital SCA\u201d, the parent company of the global asset management and investment Group (Tikehau Capital). \u201cRevima Holding SAS\u201d is a French simplified joint-stock company, with its registered office in France at 1 avenue du Latham, 47 Caudebec-en-Caux, 76490 Rives-En-Seine, France, and registered with the Rouen Trade and Companies Register under number 845 266 725 RCS. This company operates mainly in the areas of APU (Auxiliary Power Unit) MRO and aircraft landing gear. &nbsp; Done in Rabat on July 16, 2026.<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[352],"tags":[],"class_list":["post-48177","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Statement from the Competition Council regarding the economic concentration project concerning the indirect joint control acquisition of the company \u201cRevima Holding SAS\u201d by the company \u201cSanad Services Group\u201d and the investment fund \u201cAce A\u00e9ro Partenaires II S.L.P.\u201d - Conseil de la concurrence du Maroc<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/conseil-concurrence.ma\/en\/statement-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-indirect-joint-control-acquisition-of-the-company-revima-holding-sas-by-the-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Statement from the Competition Council regarding the economic concentration project concerning the indirect joint control acquisition of the company \u201cRevima Holding SAS\u201d by the company \u201cSanad Services Group\u201d and the investment fund \u201cAce A\u00e9ro Partenaires II S.L.P.\u201d - Conseil de la concurrence du Maroc\" \/>\n<meta property=\"og:description\" content=\"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 issued for its implementation, as amended and supplemented, the Competition Council makes available to the public the \u201coperation summary\u201d 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&#8217;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 issued 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 acquirers: The company \u201cSanad Services Group\u201d; The investment fund \u201cAce A\u00e9ro Partenaires II S.L.P.\u201d; The target: The company \u201cRevima Holding SAS\u201d and its subsidiary companies. Nature of the operation Joint control acquisition. Economic sectors concerned Aeronautical sector. Deadline for interested third parties to submit their observations 10 days from the date of publication of this statement, i.e., July 27, 2026. NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES The Competition Council has received notification of an economic concentration project concerning the indirect joint control acquisition of the company \u201cRevima Holding SAS\u201d and its subsidiary companies by the company \u201cSanad Services Group\u201d and the investment fund \u201cAce A\u00e9ro Partenaires II S.L.P.\u201d, represented by \u201cTikehau Investment Management SAS\u201d acting as a management company through a common ad hoc vehicle. \u201cSanad Services Group\u201d is a limited liability company established under the laws of Abu Dhabi, with its registered office in Abu Dhabi, United Arab Emirates, at P.O Box 45005, and registered under number CN-2969483. \u201cSanad Services Group\u201d is a holding company wholly owned by \u201cMubadala Investment Company PJSC\u201d, itself wholly owned by the Government of Abu Dhabi. \u201cSanad Services Group\u201d is engaged in providing maintenance, repair, and overhaul (MRO) services for engines and related after-sales services in the United Arab Emirates, with its activities conducted through its exclusive operational subsidiaries. \u201cAce A\u00e9ro Partenaires II S.L.P.\u201d is a French law limited partnership company, with its registered office in France at 32 rue de Monceau, 75008 Paris, and registered with the Paris Trade and Companies Register under number 982 137 812 RCS. \u201cAce A\u00e9ro Partenaires II S.L.P.\u201d is an investment fund represented and managed by \u201cTikehau Investment Management SAS\u201d. \u201cTikehau Investment Management SAS\u201d is a simplified joint-stock company with its registered office at 32 rue de Monceau, 75008 Paris, and registered with the Paris Trade and Companies Register under number 446 909 491 RCS. This company is a wholly-owned subsidiary of \u201cTikehau Capital SCA\u201d, the parent company of the global asset management and investment Group (Tikehau Capital). \u201cRevima Holding SAS\u201d is a French simplified joint-stock company, with its registered office in France at 1 avenue du Latham, 47 Caudebec-en-Caux, 76490 Rives-En-Seine, France, and registered with the Rouen Trade and Companies Register under number 845 266 725 RCS. This company operates mainly in the areas of APU (Auxiliary Power Unit) MRO and aircraft landing gear. &nbsp; Done in Rabat on July 16, 2026.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/conseil-concurrence.ma\/en\/statement-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-indirect-joint-control-acquisition-of-the-company-revima-holding-sas-by-the-company\/\" \/>\n<meta property=\"og:site_name\" content=\"Conseil de la concurrence du Maroc\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-16T07:55:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-17T08:02:10+00:00\" \/>\n<meta name=\"author\" content=\"Youssef OTMANE\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Youssef OTMANE\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/conseil-concurrence.ma\\\/en\\\/statement-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-indirect-joint-control-acquisition-of-the-company-revima-holding-sas-by-the-company\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/conseil-concurrence.ma\\\/en\\\/statement-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-indirect-joint-control-acquisition-of-the-company-revima-holding-sas-by-the-company\\\/\"},\"author\":{\"name\":\"Youssef OTMANE\",\"@id\":\"https:\\\/\\\/conseil-concurrence.ma\\\/en\\\/#\\\/schema\\\/person\\\/03683379dc5edfcb3044e506a05bdf1b\"},\"headline\":\"Statement from the Competition Council regarding the economic concentration project concerning the indirect joint control acquisition of the company \u201cRevima Holding SAS\u201d by the company \u201cSanad Services Group\u201d and the investment fund \u201cAce A\u00e9ro Partenaires II S.L.P.\u201d\",\"datePublished\":\"2026-07-16T07:55:11+00:00\",\"dateModified\":\"2026-07-17T08:02:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/conseil-concurrence.ma\\\/en\\\/statement-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-indirect-joint-control-acquisition-of-the-company-revima-holding-sas-by-the-company\\\/\"},\"wordCount\":562,\"articleSection\":[\"Press Releases\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/conseil-concurrence.ma\\\/en\\\/statement-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-indirect-joint-control-acquisition-of-the-company-revima-holding-sas-by-the-company\\\/\",\"url\":\"https:\\\/\\\/conseil-concurrence.ma\\\/en\\\/statement-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-indirect-joint-control-acquisition-of-the-company-revima-holding-sas-by-the-company\\\/\",\"name\":\"Statement from the Competition Council regarding the economic concentration project concerning the indirect joint control acquisition of the company \u201cRevima Holding SAS\u201d by the company \u201cSanad Services Group\u201d and the investment fund \u201cAce A\u00e9ro Partenaires II S.L.P.\u201d - 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Conseil de la concurrence du Maroc","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/conseil-concurrence.ma\/en\/statement-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-indirect-joint-control-acquisition-of-the-company-revima-holding-sas-by-the-company\/","og_locale":"en_US","og_type":"article","og_title":"Statement from the Competition Council regarding the economic concentration project concerning the indirect joint control acquisition of the company \u201cRevima Holding SAS\u201d by the company \u201cSanad Services Group\u201d and the investment fund \u201cAce A\u00e9ro Partenaires II S.L.P.\u201d - Conseil de la concurrence du Maroc","og_description":"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 issued for its implementation, as amended and supplemented, the Competition Council makes available to the public the \u201coperation summary\u201d 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&#8217;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 issued 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 acquirers: The company \u201cSanad Services Group\u201d; The investment fund \u201cAce A\u00e9ro Partenaires II S.L.P.\u201d; The target: The company \u201cRevima Holding SAS\u201d and its subsidiary companies. Nature of the operation Joint control acquisition. Economic sectors concerned Aeronautical sector. Deadline for interested third parties to submit their observations 10 days from the date of publication of this statement, i.e., July 27, 2026. NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES The Competition Council has received notification of an economic concentration project concerning the indirect joint control acquisition of the company \u201cRevima Holding SAS\u201d and its subsidiary companies by the company \u201cSanad Services Group\u201d and the investment fund \u201cAce A\u00e9ro Partenaires II S.L.P.\u201d, represented by \u201cTikehau Investment Management SAS\u201d acting as a management company through a common ad hoc vehicle. \u201cSanad Services Group\u201d is a limited liability company established under the laws of Abu Dhabi, with its registered office in Abu Dhabi, United Arab Emirates, at P.O Box 45005, and registered under number CN-2969483. \u201cSanad Services Group\u201d is a holding company wholly owned by \u201cMubadala Investment Company PJSC\u201d, itself wholly owned by the Government of Abu Dhabi. \u201cSanad Services Group\u201d is engaged in providing maintenance, repair, and overhaul (MRO) services for engines and related after-sales services in the United Arab Emirates, with its activities conducted through its exclusive operational subsidiaries. \u201cAce A\u00e9ro Partenaires II S.L.P.\u201d is a French law limited partnership company, with its registered office in France at 32 rue de Monceau, 75008 Paris, and registered with the Paris Trade and Companies Register under number 982 137 812 RCS. \u201cAce A\u00e9ro Partenaires II S.L.P.\u201d is an investment fund represented and managed by \u201cTikehau Investment Management SAS\u201d. \u201cTikehau Investment Management SAS\u201d is a simplified joint-stock company with its registered office at 32 rue de Monceau, 75008 Paris, and registered with the Paris Trade and Companies Register under number 446 909 491 RCS. This company is a wholly-owned subsidiary of \u201cTikehau Capital SCA\u201d, the parent company of the global asset management and investment Group (Tikehau Capital). \u201cRevima Holding SAS\u201d is a French simplified joint-stock company, with its registered office in France at 1 avenue du Latham, 47 Caudebec-en-Caux, 76490 Rives-En-Seine, France, and registered with the Rouen Trade and Companies Register under number 845 266 725 RCS. This company operates mainly in the areas of APU (Auxiliary Power Unit) MRO and aircraft landing gear. &nbsp; Done in Rabat on July 16, 2026.","og_url":"https:\/\/conseil-concurrence.ma\/en\/statement-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-indirect-joint-control-acquisition-of-the-company-revima-holding-sas-by-the-company\/","og_site_name":"Conseil de la concurrence du Maroc","article_published_time":"2026-07-16T07:55:11+00:00","article_modified_time":"2026-07-17T08:02:10+00:00","author":"Youssef OTMANE","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Youssef OTMANE","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/conseil-concurrence.ma\/en\/statement-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-indirect-joint-control-acquisition-of-the-company-revima-holding-sas-by-the-company\/#article","isPartOf":{"@id":"https:\/\/conseil-concurrence.ma\/en\/statement-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-indirect-joint-control-acquisition-of-the-company-revima-holding-sas-by-the-company\/"},"author":{"name":"Youssef OTMANE","@id":"https:\/\/conseil-concurrence.ma\/en\/#\/schema\/person\/03683379dc5edfcb3044e506a05bdf1b"},"headline":"Statement from the Competition Council regarding the economic concentration project concerning the indirect joint control acquisition of the company \u201cRevima Holding SAS\u201d by the company \u201cSanad Services Group\u201d and the investment fund \u201cAce A\u00e9ro Partenaires II S.L.P.\u201d","datePublished":"2026-07-16T07:55:11+00:00","dateModified":"2026-07-17T08:02:10+00:00","mainEntityOfPage":{"@id":"https:\/\/conseil-concurrence.ma\/en\/statement-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-indirect-joint-control-acquisition-of-the-company-revima-holding-sas-by-the-company\/"},"wordCount":562,"articleSection":["Press Releases"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/conseil-concurrence.ma\/en\/statement-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-indirect-joint-control-acquisition-of-the-company-revima-holding-sas-by-the-company\/","url":"https:\/\/conseil-concurrence.ma\/en\/statement-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-indirect-joint-control-acquisition-of-the-company-revima-holding-sas-by-the-company\/","name":"Statement from the Competition Council regarding the economic concentration project concerning the indirect joint control acquisition of the company \u201cRevima Holding SAS\u201d by the company \u201cSanad Services Group\u201d and the investment fund \u201cAce A\u00e9ro Partenaires II S.L.P.\u201d - 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