(09 Jun 2021) Airbus Helicopters has signed an agreement to acquire ZF Luftfahrttechnik GmbH.
The acquisition is part of Airbus Helicopters’ strategy to strengthen its maintenance, repair, and overhaul (MRO) capabilities.
The move is also a contribution to improving and maintaining the fleet availability of the programs covered by the ZF Luftfahrttechnik product portfolio.
ZF Luftfahrttechnik is currently an MRO service partner for the majority of the German Bundeswehr helicopter fleet. It has delivered more than 10,000 gearboxes all over the world, is a supplier of the H135 main gearbox, the tail gearbox of the Tiger helicopter, and has a share in the H145 programme.
In 2020, the company achieved revenues of € 85.3 million and employed 370 people. ZF Luftfahrttechnik is located in Kassel-Calden.
“With Airbus Helicopters as the acquiring entity, there are excellent prospects for ZF Luftfahrttechnik”, said Wilhelm Rehm, Member of the Board of Management of ZF Group. “It was our intention that the location would have the best possible development opportunities and that the employees would have sound future prospects at the location.”
The acquisition has been approved by the relevant bodies of both companies. It remains subject to regulatory approvals, as well as other conditions usual in this type of transaction, which should be completed within this year.
“By adding ZF Luftfahrttechnik to our portfolio, we will further broaden our range of MRO capabilities and secure additional competences in the area of dynamic systems for Airbus Helicopters, adding value for our global customer base”, said Bruno Even, CEO of Airbus Helicopters. “With ZF Luftfahrttechnik, we will be able to improve our service offering for our customers including key partners like the German Bundeswehr, thus addressing their MRO needs faster with an increased level of integration. ZF Luftfahrttechnik’s balanced and global business model fits very well into our approach to the worldwide helicopter market.”
Financial details of the acquisition have not been disclosed.