Continental Motors Acquires Thielert Aircraft Engines

Mark Phelps

Tuesday, July 23, 2013 at 07:37 PM ET

Verified

Key Takeaways:

AVIC International, parent company of Continental Motors, has acquired the assets of Germany's bankrupt Thielert Aircraft Engines GmbH.
A new German subsidiary, Technify Motors, has been formed to produce the Centurion line of jet-A burning piston engines, collaborating with Continental Motors.
This acquisition adds advanced engine technology, including 135 hp, 155 hp, and 350 hp Centurion engines, crucial for global market expansion, particularly in China.

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AVIC International, the Chinese holding company that owns Continental Motors, announced today that it has acquired the assets of Germany’s bankrupt Thielert Aircraft Engines GmbH, and formed a new company to produce the Centurion line of engines in Germany.

Technify Motors is a newly formed subsidiary of AVIC (the Thielert name has been dropped), and will work together with Alabama-based Continental to produce, sell and service a full line of jet-A-burning piston engines.