# Spirit AeroSystems to acquire Asco group for $650M

Spirit AeroSystems has signed a definitive agreement to acquire Asco Industries, a Belgian aerospace structures supplier, for $650 million in cash. The transaction is expected to close in the second half of 2018.

- Type: Acquisition
- Announced: 2018-05-02
- Where: United States
- Value: $650.0M
- Status: announced
- Products: aero structures, wing components, mechanical assemblies
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [ASCO Industries](https://endata.com/companies/15250.md) (target)
- [Spirit AeroSystems](https://endata.com/companies/16652.md) (acquirer)

## Sources

- [investor.spiritaero.com](https://investor.spiritaero.com/news-presentations/news-details/2018/Spirit-AeroSystems-to-Acquire-EU-Based-Supplier-Asco-Industries/default.aspx), 2018-05-02: "Spirit AeroSystems Holdings, Inc. (NYSE: SPR) today announced a definitive agreement to acquire S.R.I.F. N.V., the parent company of Asco Industries, N.V. (Asco), for $650 million in cash."
- [airframer.com](https://www.airframer.com/news_story.html?release=68942), 2018-05-02: "Spirit AeroSystems has signed an agreement with the shareholders of SRIF to acquire the Asco group, a privately held Belgian company with 1,400 employees world-wide."

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