# German government approves AT&M's takeover of Cotesa

The German Economy Ministry approved the takeover of German aerospace supplier Cotesa by Chinese company Advanced Technology and Materials (AT&M) for a price between EUR 100 million and EUR 200 million. The deal was signed in September 2017 and approved after a months-long investigation.

- Type: Acquisition
- Announced: 2018-04-25
- Where: Mittweida, Saxony, Germany
- Value: $185.0M (150.0M EUR)
- Status: completed
- Products: composite fibre components for aircraft
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Advanced Technology & Materials Co., Ltd](https://endata.com/companies/24245.md) (acquirer)
- [COTESA GmbH](https://endata.com/companies/24621.md) (target)
- [China Iron & Steel Research Institute Group](https://endata.com/companies/32049.md) (partner)

## Sources

- [chinadaily.com.cn](https://www.chinadaily.com.cn/a/201804/27/WS5ae2b68fa3105cdcf651aeb5.html), 2018-04-27: "the Chinese are the only ones who recognized our real potential."
- [en.imsilkroad.com](https://en.imsilkroad.com/p/97320.html), 2018-05-24: "The takeover by AT&M, a subsidiary of the state-owned China Iron & Steel Research Institute Group, will give Cotesa access to the Chinese market."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.