Montana Aerospace AG (the “Company”) and its operating subsidiaries (the “Group”
or “Montana Aerospace”), a leading, highly-vertically integrated manufacturer and
supplier of system components and complex assemblies for the aerospace, e-mobility
and energy industries with worldwide engineering and manufacturing operations, today
announces the closing of the acquisition of 100% of the shares of São Marco Industria y
Comercio LTDA in Brazil (“São Marco”).
Following the approval by the competent regulatory and antitrust authorities, the merger of
São Marco with the Company’s current ‘Energy’ operations in Brazil can now be closed,
thereby consolidating the ASTA brand (cf. our press release of 29 November 2021).
The synergies out of the verticalization, combined with a strong position in Americas as well
a committed and capable team will enable us to co-create further innovative and sustainable
solutions with our customers in the growing energy and e-mobility markets. With the
acquisition, the ‘Energy’ segment takes over more than 300 highly qualified employees and
an annual sales volume of about 70 million euros. Montana Aerospace is now also able to
provide a closed-loop one-stop-shop concept in the ‘Energy’ segment.
Heinz Riedler, CEO of the Montana Aerospace Energy-Business says: “Through the
acquisition of Sao Marco we are able to scale our South American business sustainably to
better serve the unbraked market growth in the ‘E-mobility’ and ‘Energy’ segments.
Through our innovative solutions co-created with our customers, we will further generate
value for a better world. On behalf of the whole ‘Energy’ segment of Montana Aerospace, I
want to welcome more than 300 highly skilled and talented employees of Sao Marco that will
now be part of our story – we are having promising times ahead!”
The parties agreed to not disclose the purchase price.
Statements contained herein may constitute “forward-looking statements”. Forward-looking statements are generally identifiable by the use of the words “may”, “will”, “should”, “plan”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “project”, “goal”, “aim” or “target” or the negative of these words or other variations on these words or comparable terminology.
Forward-looking statements involve a number of known and unknown risks, uncertainties and other factors that could cause the Company’s or its industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. The Company does not undertake publicly to update or revise any forward-looking statement that may be made herein, whether as a result of new information, future events or otherwise.
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