Italian multinational company, Leonardo announced the closing of the acquisition of Kopter Group AG from Switzerland’s Lynwood (Schweiz) AG on April 8.
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 program, starting from 2022. For the transaction, Leonardo was assisted by EY and Gatti Pavesi Bianchi. Lynwood was assisted by HoganLovells.
The acquisition of Kopter allows Leonardo to further strengthen its worldwide leadership and position in the rotorcraft sector, in line with the Industrial Plan’s objectives for the reinforcement of the core businesses. Within the Helicopter Division of Leonardo, Kopter will act as an autonomous legal entity and competence centre.
Primarily based in Switzerland, Kopter has been operating since 2009, originally designated Marenco SwissHelicopter and later rebranded as Kopter Group AG in 2018.
The brand-new SH09 single-engine helicopter program has been launched to bring new capabilities and modern design to the civil market with a cost/effective and versatile platform. The SH09 combines the latest available technologies and safety features, providing excellent performance at an affordable cost for a variety of applications.
This acquisition will replace Leonardo’s planned investment aimed at the development of a new single-engine helicopter.
Combined with excellent engineering skills and agility and a modular architecture suitable for future developments towards more disruptive technologies, mission capabilities and performance including hybrid/electric options, the acquisition of Kopter will allow Leonardo to take further important steps towards an even greater range of offer and market footprint.