Airbus Helicopters has agreed to acquire ZF Luftfahrttechnik from ZF Friedrichshafen in a deal that will broaden its range of MRO capabilities and add competencies in dynamic systems for the rotorcraft OEM. Financial terms of the deal, which is expected to close sometime this year following regulatory approvals, were not disclosed.
With 2020 revenue of €85.3 million ($101.7 million) and 370 employees, ZF Luftfahrttechnik is an MRO provider for the majority of the German Bundeswehr (armed forces) helicopter fleet. As a manufacturer of dynamic components for light and medium helicopters, the German company has also delivered more than 10,000 gearboxes globally and is a supplier of the H135 main gearbox and the tail gearbox of the Tiger helicopter.
“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,” said Airbus Helicopters CEO Bruno Even. “ZF Luftfahrttechnik’s balanced and global business model fits very well into our approach to the worldwide helicopter market.”