Montana Aerospace AG closes acquisition of the Asco Group and issues new shares
8 April 2022 – Walder Wyss acted as Swiss counsel and Listing Agent to Montana Aerospace AG on the closing of the purchase of S.R.I.F. NV (the Asco Group) and the issuance and listing of 4,431,600 shares on 7 April 2022 to the sellers as part of the purchase price. The listing of the new shares has taken place today.
Montana Aerospace AG, which is listed on SIX Swiss Exchange, is a leading, highly-vertically integrated manufacturer and supplier of system components and complex assemblies for the aerospace, e-mobility and energy sectors with worldwide engineering and manufacturing operations and annual sales of around EUR 790 million in 2021. The Asco Group is a leading supplier and development partner of high-end components and structures for the aerospace industry, operating four production facilities in Belgium, Germany, the United States and Canada with around 1,100 employees and annual sales of up to EUR 260 million in pre-pandemic years.
The team was led by Urs P. Gnos (Corporate/M&A, Partner) and included Christian Hagen (Corporate/M&A, Managing Associate), Daniel Dedeyan (Capital Markets, Counsel), Nico Bernhard (Corporate/M&A, Managing Associate) and Christoph Zaugg (Corporate/M&A, Senior Associate).