Chinese company acquires Enstrom
Enstrom Helicopter Corporation has been acquired by a Chinese investment company as the US manufacturer looks to expand its reach into Asia.
Chongqing Helicopter Investment Co Ltd (CQHIC) finalised the purchase on 27 December, Enstrom confirmed on 7 January, in a development described as a major step in moving the company ‘to a new level’.
‘It will provide Enstrom with the needed resources to enhance marketing efforts in China and around the world. This strong ownership will allow further growth of our business in Menominee, Michigan to meet the demands of the increasing markets around the world, especially Asia,’ Enstrom
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