Airbus Helicopters and ZF Friedrichshafen AG have reached an agreement for Airbus to acquire ZF Luftfahrttechnik GmbH as part of its strategy to strengthen its maintenance, repair, and overhaul (MRO) capabilities.
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 and has a share in the H145 programme. In 2020, the company achieved revenues of € 85.3 million and employed 370 people. ZF Luftfahrttechnik is located in Kassel-Calden.
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.