MLL Legal with Axiscades on aerospace engineering services business divestment to Akkodis

Axiscades Technologies, a publicly listed Indian aerospace and engineering company, is divesting its Aerospace Engineering Services business to Akkodis, a digital engineering consulting company headquartered in Zurich, in a multi-jurisdictional transaction spanning India, Switzerland, Germany, the United Kingdom, France, and the United States.

The transaction is structured in two tranches: Akkodis will initially acquire a 51% controlling interest in the business, with the remaining 49% to be acquired within 24 to 30 months following completion of the first tranche. The deal remains subject to customary regulatory clearances.

The divested business encompasses design, engineering analysis, certification support, and lifecycle engineering services for international aerospace OEMs.

Legal and advisory teams

MLL Legal acted as Swiss counsel, with the team led by partners Nadine von Büren-Maier (pictured left) and Karin Oberlin (pictured right).

CAM acted as Indian legal lead advisor, with Osborne Clarke advising on European legal aspects, BLG covering Canada, and Kelley Drye handling US matters.

BDO advised on transaction structuring and tax, while Lincoln International acted as exclusive sell-side transaction advisor.