MT Aerospace Holding GmbH, Bremen, a joint venture established by OHB Technology AG (70%), Bremen, (Prime Standard, ISIN: DE0005936124) and Apollo Capital Partners GmbH (30%), Munich, has today signed a contract for the acquisition of Bavarian aircraft engine components supplier Aerotech Peissenberg GmbH & Co. KG together with its affiliates in France and the Czech Republic with retroactive effect from January 1, 2011. The seller is the Drosten Group, Grünwald.

Aerotech Peissenberg produces sensitive components made from heat-resisting nickel-based alloys and titanium for aircraft engines and industrial gas turbines. 

With staff numbering some 490, Aerotech Peissenberg together with its affiliates in the Czech Republic and France generated sales of around EUR 46 million in 2010. Order receipts were valued at roughly EUR 86 million at the end of 2010.

ATP projects total revenues of around EUR 60 million, EBITDA of around EUR 4 million and EBIT of around EUR 2 million for 2011.

With this strategic acquisition, the OHB Group is broadening its business activities in the aviation sector with the aim of improving its position in national and international aviation business and to harness new market potential.