MT Aerospace Holding acquires Aerotech Peissenberg
Aeronautics business grows significantly.
Today, MT Aerospace Holding GmbH, a joint venture of the OHB Technology AG, Bremen, and Apollo Capital Partners GmbH, Munich, acquired the Bavarian aero engine supplier Aerotech Peissenberg GmbH & Co. KG with its affiliates in France and the Czech Republic from the present proprietor Robert Drosten. With this transaction, which is effective 1 January 2011, the owner of aerospace supplier MT Aerospace AG, Augsburg, significantly expands its business in the aeronautics sector.
For many years Aerotech Peissenberg has been a well-established partner for the production of sensitive components of high-resistant nickel base alloys and titanium for aero engines and industrial gas turbines. At the locations Peissenberg (Germany), Chateauroux (France), and Klatovy (Czech Republic) the company produces components for the aviation industry and medical instruments. In 2010, the group generated a total revenue of about 46 million Euros with 490 employees.
For the OHB group, the acquisition is an important step in its growth strategy. „The takeover is a logical expansion of our portfolio and complements our present focus on the space business. It significantly strengthens and expands the aeronautics sector within the OHB group“, said Hans Steininger, CEO of the MT Aerospace Holding. „We aim at improving our position in the national and international aeronautics business with our new colleagues and will open up new markets.“
Robert Drosten was delighted: „After acquiring Aerotech Peissenberg from MTU in 1997, we became a successful company group on the international market for challenging engine components with worldwide customer relations. Becoming part of the OHB group will guarantee a continuous successful and profitable business and safeguard hightech jobs.“
Gerd Kubin, CEO of Aerotech Peissenberg, said: „For our customers the acquisition stands for continuity and secure planning. This is particularly important for our components which require complex certifications.“
MT Aerospace Holding GmbH
The Executive Board