July 10, 2014 / 5:00 PM / 3 years ago

Airbus sells 66.5 percent stake in its Test & Services business

PARIS (Reuters) - Airbus Group (AIR.PA) said on Friday it sold a 66.5 percent stake in its Test & Services business to ACE Management and IRDI as part of its plan to focus on the core aeronautics business.

    Test & Services, which will be renamed Spherea Test & Services, specializes in the development, manufacturing and maintenance of test equipment.

    It is based in Toulouse and employs around 500 people in France, Germany and the United Kingdom. It posted 103 million euros in revenues in 2013.

    Reporting by Maya Nikolaeva; editing by John Irish

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