Montana Aerospace is taking over the Belgian firm Asco Industries, further details of which can be found in a press release, in which Asco is described as a “leading supplier and development partner” in the area of systems components and structures for the aerospace industry. With this takeover, Montana Aerospace is seeking to expand its competencies in the fields of product design, testing and the production of hard metal components.
Asco employs roughly 1,200 staff and operates four locations in Belgium, Germany, the USA and Canada. Following the takeover, Asco’s facilities are to be integrated in the global production network of Montana Aerospace.
Montana Aerospace has been listed on the SIX Swiss Exchange since the spring of this year. Thanks to the IPO, the company from Reinach in the canton of Aargau now boasts a “strong cash position” and can therefore progress with its growth strategy. In addition to using its cash reserves, Montana Aerospace is also planning a capital increase in order to realize further acquisitions. Part of the purchase price for the acquisition of Asco could also be paid off in the form of shares in Montana Aerospace.
“We are proud to welcome Asco as a new member of the Montana Aerospace family”, comments Markus Nolte, CEO of Montana Aerospace, in the press release. With the takeover, Montana Aerospace’s positioning as a “global premium partner for structure components in the aerospace sector” will be strengthened further, Nolte adds.