# AMAG acquires 70% stake in Aircraft Philipp Group

AMAG Austria Metall AG is acquiring a 70% share of the German Aircraft Philipp Group (ACP), an expert in mechanical machining of aluminum and titanium for aerospace. The transaction is expected to close in late autumn 2020.

- Type: Acquisition
- Announced: 2020-08-17
- Where: Übersee/Chiemsee, Germany, Germany
- Status: announced
- Products: machined aluminum and titanium parts for aerospace
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [AMAG Austria Metall AG](https://endata.com/companies/25121.md) (acquirer)
- [Aircraft Philipp Group](https://endata.com/companies/28226.md) (target)
- [Aircraft Philipp Gruppe](https://endata.com/companies/49177.md) (target)

## Sources

- [ots.at](https://www.ots.at/presseaussendung/OTE_20200817_OTE0005/eans-news-amag-acquires-majority-share-of-the-german-aircraft-philipp-group--image), 2020-08-17: "We are pleased to be integrating such a first-class company as ACP into the AMAG Group."
- [presseportal.de](https://www.presseportal.de/en/pm/100615/4681294), 2020-08-17: "We are pleased to be integrating such a first-class company as ACP into the AMAG Group."
- [presseportal.ch](https://www.presseportal.ch/de/pm/100021746/100853683), 2020-08-17: "We are pleased to be integrating such a first-class company as ACP into the AMAG Group."
- [metalcenternews.com](https://www.metalcenternews.com/editorial/current-news/amag-acquiring-german-aircraft-parts-company/44060), 2020-08-17: "We are pleased to be integrating such a first-class company as ACP into the AMAG Group."
- [aviationweek.com](https://aviationweek.com/aerospace/manufacturing-supply-chain/european-aerospace-aluminum-firms-merge-integration-play), 2020-08-20: "AMAG Austria Metall said it is acquiring a 70% share of the German company Aircraft Philipp Gruppe"
- [lightmetalage.com](https://www.lightmetalage.com/news/industry-news/aerospace/amag-acquires-majority-share-of-aircraft-philipp-group/), 2020-09-10: "AMAG Austria Metall AG is acquiring a 70% share of Aircraft Philipp Gruppe (ACP)."

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