M&A Deal Summary

Spirit AeroSystems Acquires Asco Industries N.V.

On May 2, 2018, Spirit AeroSystems acquired aerospace company Asco Industries N.V. for 650M USD

Acquisition Highlights
  • This is Spirit AeroSystems’ 1st transaction in the Aerospace sector.
  • This is Spirit AeroSystems’ largest (disclosed) transaction.
  • This is Spirit AeroSystems’ 1st transaction in Belgium.

M&A Deal Summary
Date 2018-05-02
Target Asco Industries N.V.
Sector Aerospace
Buyer(s) Spirit AeroSystems
Deal Type Add-on Acquisition
Deal Value 650M USD
Advisor(s) Lazard Ltd. (Financial)
Eubelius (Legal)

Target

Asco Industries N.V.

Zaventem, Belgium
Asco Industries N.V. is a provider of high lift wing structures, mechanical assemblies and major functional components to major OEMs and Tier-1 suppliers in the global commercial aerospace and military markets.

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Buyer(S) 1

Buyer

Spirit AeroSystems

Wichita, Kansas, United States
Category Company
Founded 1927
Sector Aerospace
Employees14,500
Revenue 6.0B USD (2023)
DESCRIPTION

Spirit AeroSystems is an independent supplier of large component parts and assemblies for commercial aircraft. Spirit AeroSystems offers manufacturing and design expertise on a broad range of products and services for aircraft original equipment manufacturer. Spirit AeroSystems was founded in 1927 and is based in Wichita, Kansas.

DEAL STATS #
Overall 1 of 4
Sector (Aerospace) 1 of 3
Type (Add-on Acquisition) 1 of 3
Country (Belgium) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-30 Spirit AeroSystems - Chanute Operations

Chanute, Kansas, United States

Spirit AeroSystems, Inc. - Chanute Operations is a manufacture of component parts for aerostructures.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-17 Fiber Materials

Biddeford, Michigan, United States

Fiber Materials, Inc. is a materials solutions company that develops and manufactures high-temperature materials and composites for use in industrial, commercial, and aerospace applications. FMI produces carbon/carbon composites, carbon-ceramic, and advanced polymer matrix composites. Fiber Materials was established in 1969 and is based in Biddeford, Maine.

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Mergr

Product

Company

Legal