Synergy Group

{{update|date=August 2023}}

{{Short description|Brazilian-headquartered conglomerate}}

{{Infobox company

| name = Synergy Group Corp.

| logo =

| logo_size =

| type = Corporation

| foundation = 2003

| location = São Paulo, Brazil

| key_people = *{{nowrap|José Efromovich (Chairman)}}

• Germán Efromovich (CEO)

| area_served =

| industry = Conglomerate

| products = Airline industry, aerospace, Oil & Gas, shipyard

| revenue = {{profit}} US$ 10.0 billion (2011)

| operating_income =

| net_income =

| num_employees = 40,000 (2013)

| parent =

| subsid = *AEQ Aeroespacial

• Digex Aircraft Maintenance
• EAE Aerospace Solutions
• EISA Shipping Agency
• REM
• Senior Taxi Aéreo
• Synergy Aerospace
• Synergy Europe
• Synerjet Brasil

| homepage = {{URL|http://www.synergygroupcorp.com/}}

}}

Synergy Group Corp. is a South American conglomerate created and owned by Germán Efromovich. The group is headquartered in Rio de Janeiro, Brazil.[http://www.synergygroupcorp.com/ Official Website] {{webarchive |url=https://web.archive.org/web/20120712025508/http://www.synergygroupcorp.com/|date=July 12, 2012 }} (temporarily not available) It operates several airlines in South America, among which are Avianca Group (formerly Avianca Holdings & AviancaTaca Holding), with a 66.66% stake,[http://www.themanufacturer.com/articles/synergy-group-signs-up-for-630m-deal-with-rolls-royce/ Synergy Group signs up for US$ 630m deal with Rolls-Royce] The Manufacturer Online, 13 July 2012 and is active in the exploration of oil and natural gas throughout the region. Additionally, it operates hydroelectric power plants, participates in the construction of telecommunications infrastructure, shipbuilding and technical inspections, radiochemistry, radiopharmaceuticals, agriculture and hospitality.{{cite web|url=http://latintrade.com/2011/05/efromovich-hardworking-visionary|title=Efromovich: Hardworking Visionary | Latin Trade Group|publisher=Latintrade.com|date=2011-05-25|access-date=2013-06-29|url-status=dead|archive-url=https://web.archive.org/web/20130927111949/http://latintrade.com/2011/05/efromovich-hardworking-visionary|archive-date=2013-09-27}}

Synergy Group had integrated the airlines and companies of TACA Airlines with Avianca under a holding company, Avianca Holdings. The Synergy Group owns 66.66% of the newly created subsidiary company. Kingsland Holding (El Salvador){{cite news| url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=a9VY6IRt_Ykc|work=Bloomberg|title=Avianca-Taca Venture Builds Biggest Latin Air Network (Update1)|date=2009-10-07}} owns the other 33.33% of Avianca-TACA.[http://www.airlinesanddestinations.com/airlines/aviancataca-and-tampa-cargo-owner-synergy-orders-six-a330-200s-three-a330-200fs/ AviancaTaca and Tampa Cargo Owner Synergy Orders Six A330-200s, Three A330-200Fs] airlinesanddestinations.com, 12 July 2012{{Cite web|url=http://www.airbus.com/no_cache/presscentre/pressreleases/press-release-detail/detail/synergy-aerospace-firms-up-order-for-nine-airbus-a330-family-aircraft/|title=Synergy Aerospace firms up order for nine Airbus A330 Family aircraft {{!}} Airbus Press release|access-date=2012-09-24|archive-url=https://web.archive.org/web/20141222031443/http://www.airbus.com/no_cache/presscentre/pressreleases/press-release-detail/detail/synergy-aerospace-firms-up-order-for-nine-airbus-a330-family-aircraft/|archive-date=2014-12-22|url-status=dead}}

Synergy Aerospace Corp. a sub-division of Synergy Group, is headquartered in Bogota, Colombia.{{cite web|url=http://www.bombardier.com/en/corporate/media-centre/press-releases/details?docID=0901260d8003ec98|title=News - Media Centre|publisher=Bombardier|access-date=2013-06-29}} It is the major shareholder of Avianca Holdings. The company controls eight airlines in four countries: Avianca and Tampa Cargo in Colombia, Avianca Brasil, VarigLog and Synerjet in Brazil, VIP and AeroGal in Ecuador and Grupo TACA in El Salvador. In November 2012, Synergy Aerospace Corp. established Synergy Aerospace Europe.

Synergy Aerospace established a joint venture in March 2011, with Israel Aerospace Industries.[http://defense-update.com/20110414_iai_eae_synergy_brazil.html IAI, Synergy Group Embark on Expansion Plan in Brazil] Defense update, 14 April 2011 Brazil-based company EAE Aerospace Solutions was established to become the shareholder and holding company of the group’s activities in Brazil. Synergy wants to invest in Flight Technologies,[http://www.flighttech.com.br/ Flight Technologies] a manufacturer of tactical UAVs for the Brazilian Army, based in São José dos Campos.[http://www.flighttech.com.br/template.php?pagina=localizacao.php Flight Technologies - Inteligência, Comando e Controle {{webarchive |url=https://web.archive.org/web/20130821142246/http://www.flighttech.com.br/template.php?pagina=localizacao.php|date=August 21, 2013}} The joint venture will offer advanced defense systems, such as unmanned aerial vehicles, Multi Mission Transporters, mission and fighter aircraft upgrades, intelligence surveillance and reconnaissance advanced systems and radars.

The Synergy Group also has relevant activities, including the control of the EISA Shipping Agency,[http://www.tim-maritima.com.br/en/news/2012/3/eisa_shipyard_works_will_begin_this_year.2773.htm Eisa shipyard works will begin this year] {{webarchive|url=https://web.archive.org/web/20130719022323/http://www.tim-maritima.com.br/en/news/2012/3/eisa_shipyard_works_will_begin_this_year.2773.htm|date=July 19, 2013}} TOS International Martitima, 28 March 2012 currently building a 500-ton patrol ship for the Brazilian Navy, and the Brazilian Digex company, operating in aircraft maintenance area.[http://www.upi.com/Business_News/Security-Industry/2011/04/15/Israeli-Aerospace-expands-in-Brazil/UPI-24631302889119/ Israeli Aerospace expands in Brazil] UPI, 15 April 2011

Synergy Aerospace was a candidate in the acquisition of Portuguese state carrier TAP Portugal. In November 2012, Synergy Group created Synergy Europe based in Luxembourg, to deal with the possible takeover of the Portuguese airline. All European activities would be handled by its European subsidiary.{{cite web|last=Young |first=Kathryn M.|url=http://atwonline.com/airline-finance-data/news/portugal-selects-synergy-aerospace-tap-privatization-1019|title=Portugal selects Synergy Aerospace for TAP privatization | News content from|publisher=ATWOnline|date=2012-10-19|accessdate=2013-06-29}} Through this unit, the company was planning to partner with European investors, including Portuguese airline EuroAtlantic Airways.[https://www.bloomberg.com/news/2012-11-15/brazilian-efromovich-seeks-polish-passport-to-buy-portugal-s-tap.html&ei=tB3CUOH3C82EhQfInIHoBQ&usg=AFQjCNGmJ9X4Kbizqz2GvAPhbaOEYZx49g&sig2=D60YLBN2ogxmvYw4v_Ixww] {{dead link|date=June 2016|bot=medic}}{{cbignore|bot=medic}} In June 2015, Synergy lost the bid to the Gateway consortium, that includes Portuguese bus owner Humberto Pedrosa and Brazilian David Neeleman (Azul Brazilian Airlines).[http://www.euronews.com/2015/06/11/portugal-s-tap-sold-to-american-brazilian-led-consortium/ Euronews - 11/06/2015]