US-based metal coating and non-destructive inspection services provider Magnetic & Penetrant Services has been acquired by Valence Surface Technologies.

Valence is engaged in providing surface treatment and finishing process for aerospace, defence, electronics and medical device sectors.

"Universal Asset Management will operate as a US subsidiary of ARI, upon completion of the transaction."

The acquisition will allow the company to increase its product offerings.

Aviation services provider Universal Asset Management has been acquired by Hong Kong-based company Aircraft Recycling International (ARI).

Universal Asset Management will operate as a US subsidiary of ARI, upon completion of the transaction.

ARI plans to improve its asset management and aircraft solutions for ageing aircraft through the acquisition.