Hahl Pedex Group Gmbh acquired a 53% stake in Alpine Metal Tech GmbH from Montana Aerospace AG for 31.35 million.
Hahl Pedex Group Gmbh acquired a 53% stake in Alpine Metal Tech GmbH from Montana Aerospace AG (SWX:AERO) for 31.35 million on December 23, 2022. After completion, Montana Aerospace AG will hold 47% stake in Alpine Metal Tech GmbH. Consideration will be paid in cash in two tranches. In first tranche, a fixed amount of 15 million is payable immediately and in second tranche an amount of 16.35 million is a variable component based on the financial performance of Alpine Metal Tech. Alpine Metal Tech reported net sales of 109.62 million, equity of 59.14 million for the year 2022.
An unknown buyer completed the acquisition of a 53% stake in Alpine Metal Tech GmbH from Montana Aerospace AG (SWX:AERO) on December 23, 2022.