Spirit AeroSystems has signed an agreement with the shareholders of SRIF to acquire the Asco group, a privately held Belgian company with 1,400 employees world-wide.
In the past 64 years, Asco Industries has developed and executed a strategy as an independent family owned supplier of aero structures and has developed an international client base of all major commercial OEM, their Tier 1 and equipment suppliers.
Asco became a world-class aerospace provider that designs and manufactures wing components, complex mechanical assemblies and major structures.
The last decade the OEM in the aerospace industry are pushing for a consolidation of the highly fragmented aero structures supply base. In response to that Asco has proactively pursued an internationalisation strategy and is now active in Belgium, Germany, Canada and the US.
The interest of Spirit AeroSystems, Asco’s first client in the US since 1995, to acquire Asco Industries confirms the highly appreciated value of the capabilities our people have developed over time and consolidates Asco’s activities within one of the top 20 aerospace companies in the world.
It creates new and lasting opportunities for growth and will allow our talented people to expand the business. For Belgium and Flanders it gives the opportunity to broaden the aerospace activities in the triple helix between the government, the research centres and the industry which is being put in place.
The transaction is expected to close in the second half of 2018 following regulatory approvals and other customary closing conditions. Both the Spirit and the Asco teams are excited at the prospect of collaborating together as they work together to drive long-term high performance and growth.
Contact details from our directory: | |
Asco Industries N.V | Engine Mounts, Aircraft Structural Components, Metal Structures, Engine Parts, Aircraft Landing Gear, Flap/Slat Mechanisms, Aluminium, Nickel, Precision Machined Parts, Titanium, Wing Spars, Electrical Actuators, Engine Pylons, Hydraulic Actuators, Linear Actuators, Metal & Alloy Forgings, Nacelles, Rotary Actuators, Thrust Reversers, Wing Flaps |
Spirit AeroSystems, Inc. | Wing Flaps, Empennages, Certification Services, Nacelles, Engineering Design Services, Wings, Aircraft Control Surfaces, Aircraft Structural Components, Thrust Reversers, Engine Pylons, Fuselage Sections, Engine Inlets, Wing Spoilers, Fairings, Machining Services, Metal & Alloy Fabrications |
Related directory sectors: |
Structural Components |
Metals |
Landing Assemblies |
Engine Components |
Airframe Assemblies |
Actuation |
Weekly news by email:
See the latest Bulletin, and sign up free‑of‑charge for future editions.
Hermeus begins precooler testing with P&W F100 engine
Citation Ascend programme advances with certification tests and flight testing
Lilium to expand industrial footprint in France