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    ROS   AT0000922554

ROSENBAUER INTERNATIONAL AG

(ROS)
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Rosenbauer International : AKKA partners with PFW Aerospace and Rosenbauer around its turnkey conversion solution of grounded military aircrafts into firefighters

08/27/2021 | 09:16am EDT

The AKKA Group announces the signing of a Letter of Intent (LOI) with PFW Aerospace GmbH, a global leader in aviation and Rosenbauer international AG, the world's leading manufacturer of systems for firefighting and disaster protection, entering into a strategic partnership with the intention to commercialize quick-change firefighting kits compatible with various cargo aircraft.

As announced in June 2021, AKKA has designed and patented a turnkey conversion solution to repurpose grounded military transport aircraft featuring a rear Cargo Door into firefighters.

This Plug & Play solution kit can be fitted, within one hour and without any structural modification, to numerous military aircraft types, such as the A400M, the C-130 Hercules, the CASA C-295 and CN-235, the C-27J Spartan, or the Embraer KC-390 (non-exhaustive list), bestowing an additional firefighting function to these traditionally military aircraft.

In this partnership AKKA will stay the sole patent holder of the solution, in charge of further developments and upgrades. PFW Aerospace GmbH will handle the manufacturing of the kits, while Rosenbauer, will be in charge of the kits' commercialization.

Jean-Franck Ricci, AKKA's Group Managing Director in charge of business development and sales, commented: 'We are extremely pleased to be signing this Letter of Intent and continuing this journey alongside two global players such as PFW Aerospace and Rosenbauer, in the fields of aviation and firefighting respectively. Wildfires across the world are a clear concern, posing a threat to human lives, significant damage to biodiversity and to the entire ecosystem. This underscores the environmental importance and economic relevance of our solution, which allows States to provide ad hoc support to firefighters without having to build or buy new aircraft.'.

Stefan Zimmermann, CEO of PFW Aerospace, added:

'We are delighted to be part of this trilateral team approach together with AKKA and Rosenbauer to provide a new innovative solution for effective aerial firefighting. With our manufacturing experience of thousands of fuselage held fuel tanks, we are confident to offer the necessary expertise to produce the convertible water tank kit in the future.'.

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2021 1 047 M 1 215 M 1 215 M
Net income 2021 23,4 M 27,2 M 27,2 M
Net Debt 2021 253 M 294 M 294 M
P/E ratio 2021 13,7x
Yield 2021 2,97%
Capitalization 320 M 371 M 372 M
EV / Sales 2021 0,55x
EV / Sales 2022 0,51x
Nbr of Employees 4 008
Free-Float 49,0%
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Last Close Price 47,10 €
Average target price 57,17 €
Spread / Average Target 21,4%
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Managers and Directors
Dieter Siegel Chief Executive Officer
Sebastian Wolf Chief Financial Officer
Christian Reisinger Chairman-Supervisory Board
Daniel Tomaschko Chief Technology Officer
Bernhard Matzner Member-Supervisory Board
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