Leonardo has signed a contract with Lynwood (Schweiz) AG to acquire 100% of Kopter Group AG. Kopter’s SH09, a new single engine helicopter, is a perfect fit for Leonardo’s product range.
According to Leonardo, this acquisition will replace the planned investment aimed at the development of a new single engine helicopter. Within the Helicopter Division of Leonardo, Kopter will act as an autonomous legal entity and competence centre working in coordination with Leonardo. The purchase price, on a cash and debt free basis, consists of a $185 million fixed component plus an earn-out mechanism linked to certain milestones over the life of the programme, starting from 2022. The closing of the transaction is subject to certain conditions and is expected to take place during the first quarter of 2020.
Kopter’s CEO Andreas Loewenstein declared: “Kopter is very excited to have won with Leonardo a solid industrial investor. Within Leonardo, we get the support to finalize our development on various fronts while keeping the ability to remain the agile single-engine pioneer that we are.”