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Airbus Group sells 66.5 pct stake in Test & Services business to ACE Management and IRDI-Reuters


Thursday, 10 Jul 2014 12:50pm EDT 

Airbus Group NV:Says to have sold 66.5 pct stake in its Test & Services business, specializing in development, manufacturing and maintenance of test equipment, to ACE Management and IRDI as part of its plan to focus on core aeronautics business - Reuters.Test & Services is based in Toulouse and employs about 500 people in France, Germany and United Kingdom.Test & Services to be renamed Spherea Test & Services.