Lufthansa Technik acquires majority stake in ETP Thermal Dynamics

Lufthansa Technik has acquired a majority stake in US based ETP Thermal Dynamics, expanding its aircraft component services portfolio in the Americas. Through its US holding company – Lufthansa Technik North America Holding Corp – Lufthansa Technik purchased 80% of the shares in ETP Thermal Dynamics from Campbell Holdings Group. “The acquisition of ETP represents an important step in Lufthansa Technik’s strategic growth and the expansion of its capabilities in the aircraft component services in the region,” said Michael Scheferhoff, managing director at Lufthansa Technik Component Services. He continued: “With this partnership, Lufthansa Technik can enhance its market presence and