SIA Engineering Company (SIAEC) completed the SAESL and IECO amalgamation (with SAESL being the surviving entity) on October 2, 2016. The amalgamated company will be able to generate greater operational efficiencies, economies of scale and synergies from better allocation of resources and streamlining of business processes. This will position SAESL, in which SIAEC and RRS now each have a 50 percent stake, to compete more effectively for the global engine and component repair business.
http://www.stattimes.com/index.php/aviation-sia-engineering-completes-amalgamation-of-rolls-royce-joint-ventures/
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