Successful transaction strengthens the company’s capital structure
and supports its ongoing strategic transformation
Montana Aerospace AG announces the successful completion of its previously announced debt-to-equity conversion, marking a significant milestone in the company’s strategic portfolio transformation into a pure-play aerospace business. As part of this transaction, approximately EUR 65 million of liabilities have been converted into equity at ASCO operations without any dilution for existing Montana Aerospace shareholders. This conversion relates to the so-called “Profit Certificates” assumed by Montana Aerospace AG during the ASCO acquisition in April 2022. The execution of this measure underscores the company’s clear commitment to focusing entirely on its Aerostructures segment and further expanding ASCO’s activities and local footprint.
The timely divestment of the ASTA Group / the former Energy segment directly supported this step. With the conversion completed, the company’s net debt to EBITDA ratio improves significantly, falling at approximately 1.0x, and lays the foundation for achieving a net cash position by year-end 2026.
“The successful debt-to-equity conversion is a major milestone for Montana Aerospace. It significantly strengthens our balance sheet, ensures better financial conditions and provides a solid foundation for sustainable, profitable growth. With a clear focus on Aerostructures, we are well positioned for a promising future”, says Michael Pistauer, Co-CEO and CFO of the Group.
About Montana Aerospace AG
Montana Aerospace AG is a leading supplier of system components and complex assemblies for the aerospace industry, with worldwide engineering and manufacturing operations. The company employs around 6,200 highly skilled people at 16 locations on four continents, where they design, develop and produce groundbreaking technologies for tomorrow’s aerospace industry using aluminium, titanium, composites and steel.
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