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Spirit AeroSystems faces delays in Asco Industries and Bombardier acquisitions · Endata

◂ Announcements

Aug 27, 2020ACQUISITION

Spirit AeroSystems faces delays in Asco Industries and Bombardier acquisitions

Spirit AeroSystems is experiencing delays in completing its acquisitions of Asco Industries (USD 420 million) and three Bombardier aerostructure facilities (nearly USD 1.1 billion). The deadlines are October 1 and October 31, 2020, respectively.

Value

$1.52B

Status

Announced

Productsaerostructuresaircraft parts

CompaniesBombardier target ASCO Industries target Spirit AeroSystems acquirer

Sectors#Aerospace Components

“Spirit, which had expected to close its acquisition of Belgium-based aircraft parts maker Asco Industries by April, is 'still working to meet the conditions of the European Commission on that deal'.”janes.com

1 source
janes.comSpirit AeroSystems faces delays in two acquisitionsAug 27, 2020

Summarized from public sources; check the original articles before acting on it.

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