E.I.S. has two production sites in Euskirchen and Lemgo, and the product portfolio comprises various different cabin interior components such as window frames, light-weight separations, passenger service unit panels, class dividers and curtain headers as well as small parts made out of thermoplastic, such as brackets and connectors. In addition, E.I.S. provides line maintenance as well as cabin maintenance, repair and overhaul (industry term called “MRO”) and flight training services.
In April 2018, EQT Mid Market reached a definite agreement to sell the airborne training services business E.I.S. Aircraft Operations, accounting for ~50% of E.I.S., to the listed UK defense company QinetiQ. EQT Mid Market remains invested in the light-weight aviation cabin interior products and maintenance services business E.I.S. Aircraft Products & Services, which accounts for the remaining ~50% of E.I.S.
Market Trends and Drivers
Steady growth in air traffic volumes is expected to continue over the coming decades driven by globalization and rising incomes, particularly in emerging markets. New aircraft deliveries are forecasted to grow in line with air traffic volume. In addition, E.I.S.' growth prospects are supported by aircraft manufacturers' focus on light-weight products and further transition from metals to plastics in aircraft production as well as shorter retrofit cycles for cabin interior.
EQT Mid Market's strategy is to support the continued growth of E.I.S. across all segments by developing and enhancing the offering to both existing and new clients. Furthermore, the business plan includes investments in operational excellence, innovations and further improvement of light-weight product solutions, which are instrumental for the reduction of aircraft fuel consumption.