Pestalozzi advises on the sale of Ruag Aerostructures Germany & Hungary

RUAG International has entered into an agreement with German Mubea Group pursuant to which they will acquire the Aerostructures Germany & Hungary unit from RUAG International. Over several decades, RUAG Aerostructures Germany & Hungary, exclusive supplier to Airbus for the A320 family, has positioned itself as a technology leader in the aerostructures market. Family-owned Mubea Group, with around 14,000 employees and 50 locations worldwide, will take over all business activities including the approximately 1,000 employees.

The new owner provides the ideal platform to further expand Aerostructures Germany & Hungary’s aerostructures capabilities and to further strengthen its technology leadership, reliability and flexibility as the exclusive supplier for the Airbus A320 family. Closing of the transaction is subject to regulatory approvals.

The transfer of ownership (contractual closing) is expected before the end of the year. The details of the contract are subject to a non-disclosure agreement. With the sale of RUAG Aerostructures Germany & Hungary, RUAG International has reached a further milestone in the implementation of the owner’s – the Swiss Confederation – strategy. In the course of this process, the next step is the divestment of Aerostructures Switzerland (in Emmen). In addition, the space business is also to be privatized with Beyond Gravity‘ by the end of 2025.

Pestalozzi advised RUAG as lead counsel on all legal aspects of the transaction. The team included partners Petra Hanselmann (pictured right) and Pascal Richard (pictured left; both corporate / m&a), partner Fabian Martens (competition & trade), Markus Winkler (counsel – IT / IP), Hannes F. Baumgartner (associate, corporate / m&a), Dario Gomringer (junior associate, corporate / m&a).