#PRESS RELEASES

9 June 2021

GLADE MICHEL WIRTZ advises ZF Friedrichshafen AG on the sale of ZF Luftfahrttechnik GmbH to Airbus Helicopters. The transaction aims to strengthen its maintenance, repair, and overhaul (MRO) capabilities. This step is also a contribution to improving and maintaining the fleet availability of the programs covered by the ZF Luftfahrttechnik product portfolio. ZF Luftfahrttechnik is currently an MRO service partner for the majority of the German Bundeswehr helicopter fleet. It has also delivered more than 10,000 gearboxes all over the world. It is a supplier of the H135 main gearbox, the tail gearbox of the Tiger helicopter, and has a share in the H145 programme. In 2020, the company achieved revenues of EUR 85.3 million and employed 370 people. ZF Luftfahrttechnik is located in Kassel-Calden.

"By adding ZF Luftfahrttechnik to our portfolio, we will further broaden our range of MRO capabilities and secure additional competences in the area of dynamic systems for Airbus Helicopters, adding value for our global customer base", said Bruno Even, CEO of Airbus Helicopters. "With ZF Luftfahrttechnik, we will be able to improve our service offering for our customers including key partners like the German Bundeswehr, thus addressing their MRO needs faster with an increased level of integration. ZF Luftfahrttechnik’s balanced and global business model fits very well into our approach to the worldwide helicopter market."

"With Airbus Helicopters as the acquiring entity, there are excellent prospects for ZF Luftfahrttechnik", said Wilhelm Rehm, Member of the Board of Management of ZF Group. "It was our intention that the location would have the best possible development opportunities and that the employees would have sound future prospects at the location."

With over 100 years of experience in the aviation industry, ZF Luftfahrttechnik is a world-leading manufacturer of dynamic components for light and medium helicopters including related services with a global customer base. A subsidiary of the ZF Group, the company is also a leader with regards to the MRO for dynamic components of helicopters. Airbus has a long history of successful partnership with ZF Luftfahrttechnik going back many years to the initial collaboration on the Alouette II and BO105. Today, Airbus intends to build on these strong foundations, continuing to invest in and grow ZF Luftfahrttechnik as part of Airbus. 

The acquisition has been approved by the relevant bodies of both companies. It remains subject to regulatory approvals, as well as other conditions usual in this type of transaction, which should be completed in 2021.

GLADE MICHEL WIRTZ (Düsseldorf):

Dr Achim Glade (Partner), Dr Jan Hermes (Salary Partner), Bettina Kampshoff (Associate) – all Corporate; Dr Christian Karbaum (Partner), Maximilian Schoone (Associate) – both Competition

GLADE MICHEL WIRTZ has worked together with ist network partners:

held jaguttis Rechtsanwälte (public law): Dr Malte Jaguttis (Partner) 

Covington & Burling LLP (IP law): Dr Moritz Hüsch (Partner)

GLADE MICHEL WIRTZ, with currently 27 lawyers, specialises in the areas of Corporate & Competition. As a focused boutique law firm, GLADE MICHEL WIRTZ from Düsseldorf advises companies listed on the DAX30, MDAX or TecDAX, upscale medium-sized companies, which are often market and technology leaders in their sectors, as well as foreign, globally active groups and investors, both nationally and internationally, on corporate and partnership law, M&As, restructuring and reorganisation, antitrust law, in particular with respect to antitrust fine and merger control proceedings, corporate litigation and compliance issues.

The press release is available for download here: GLADE MICHEL WIRTZ advises ZF Friedrichshafen AG on the sale of ZF Luftfahrttechnik GmbH