10th July 2011
Sage Parts, the world’s leading supplier of replacement parts for ground support equipment, has announced the acquisition of T123, a leading supplier of GSE parts in Europe, based in Lancashire, England. This operation is a new major milestone step in the implementation of Sage Parts business strategy of bringing parts and parts-related services closer to their point of use worldwide.
“Our acquisition of T123 combines our already strong intercontinental capabilities…which include Sage airport locations in Amsterdam, Paris and Hong Kong…with T123’s long established presence throughout the United Kingdom and Ireland. This combination creates the largest provider of GSE parts in Europe” said Mark Pollack, Sage Parts President and CEO.
Another benefit of Sage’s acquisition of T123 is product consistency. “T123’s major customers, many already significant Sage Parts customers, are airlines, ground handlers and maintenance companies that do business internationally.” continued Mr. Pollack. “With Sage and T123 combined as a single source for GSE replacement parts, T123’s current customers can depend on consistent product globally while receiving services and support locally.”
“We’re very excited about this acquisition,” stated Brian Sneyd, Managing Director of T123. “It’s a very good thing for our customers, strengthening the supply chain for faster availability of critical products, underscored by the ability to dispatch and deliver in several different time zones any time of day.”
Dow Schofield Watts – T123 -Financial Advisor
Cobbetts – T123 -Legal Advisor