Magnetic MRO Reaches The Final of Europe’s Largest Business Awards
Magnetic MRO, Estonia-headquartered global Total Technical Care provider, has been named as one of the finalists, and Ruban d’Honneur recipients, in the 2016/17 European Business Awards sponsored by RSM.
The company has been recognized as one of only 110 finalists announced after over 33,000 businesses were engaged in the competition, and chosen by a panel of independent judges because it displayed the core values of innovation, ethics and success.
“We are truly honored to be acknowledged as one of the most successful companies in Europe. Beside being one of only 110 finalists announced after over 33,000 businesses competing in 11 different categories, we have been selected as one of ten Ruban d’Honneur recipients for The Business of the Year Award with Turnover of €26-150m, which is the main category we’ve been competing at.” said Risto Mäeots, CEO of Magnetic MRO. “It is highly exciting to reach such level as an organization that had grown from a simple third party maintenance provider into a true Total Technical Care Partner. After rebranding into Magnetic MRO in 2014 and rebuilding our corporate strategy, our revenue increased 120% in one year; and the growth in profit reached up to 813%. Despite the limited resources and challenging market dynamics around us, we managed to expand globally and leave our footprints in the aviation industry with every step we’ve taken.
“To survive in this economic climate is hard enough, so to innovate, prosper and grow as this year’s Ruban D’Honneur recipients have is truly remarkable. Europe needs more companies like these. Well done to Magnetic MRO.” said Adrian Tripp, CEO of the European Business Awards. “The company will now undertake an in depth face-to-face interview, and will find out if it is a winner of one of the 11 categories at a Gala Final on May 4 in Dubrovnik.“
Magnetic MRO is also currently taking part in ‘The Public Vote’, where the public choose ‘National Public Champions’ for each country. The company has posted a video telling the unique story of their exponential expansion, and hopes the general public will endorse its successful growth and help it become the National Champion for Estonia.
To vote for them please go to: http://www.businessawardseurope.com/vote/detail-new/the-business-of-the-year-award-with-turnover-of-26-150/19369
Magnetic MRO Magnetic MRO is an EASA and FAA certified Total Technical Care Organization headquartered in Tallinn, Estonia. The company is specialized in integrated MRO services varying from components, engines management, to line and base maintenance; from engineering services and asset management to interior solutions and full aircraft painting.
The European Business Awards
The European Business Awards is an independent Awards program, sponsored by RSM, set up to recognize and promote business excellence in the European business community. It is widely recognized as Europe’s largest and most significant cross-sector business competition and is supported by key business influencers. Lead sponsor RSM, a provider of audit, tax and consulting services to middle market businesses globally, has supported the European Business Awards since its inception.
