The Lithuanian Competition Council has granted approval for the acquisition of 100% of the shares in Bridgend Asset Management Limited by Willis Mitsui & Co Engine Support Limited. This transaction will enable Willis Mitsui to take sole control of Bridgend, thereby expanding its operational capabilities in the commercial aircraft maintenance sector.

As part of the merger, Mitsui & Co. Ltd. has been authorized to enter into agreements with Willis Mitsui regarding the transfer of work and employees. This collaboration is expected to enhance Willis Mitsui's service offerings in aviation consulting and remarketing services.

The merger notification was submitted to the Competition Council on May 13, 2025. After a thorough assessment, the Council concluded that the merger would not create or strengthen a dominant market position or significantly restrict competition within the relevant markets.

Willis Lease Finance Corporation, based in the United States, specializes in commercial aircraft and engine leasing services, catering to airlines, manufacturers, and maintenance companies globally. Its Lithuanian affiliates provide various services, including aircraft leasing and maintenance consulting.

Mitsui & Co. Ltd. operates in diverse sectors, including energy, infrastructure, and chemicals, with its Lithuanian affiliates involved in trading chemical products and distributing plant protection products. The merger will allow Willis Mitsui to broaden its activities without any existing branches or income in Lithuania.

The merger was subject to notification and clearance by the Competition Council due to the combined revenues of the merging parties exceeding EUR 20 million, with at least two parties having revenues over EUR 2 million in the previous year.