# Spirit AeroSystems terminates Asco acquisition

Spirit AeroSystems terminated its planned $420 million acquisition of aerospace component maker Asco on September 25, 2020, citing unfulfilled conditions including EU review.

- Type: Acquisition
- Announced: 2020-09-25
- Where: Canada
- Value: $420.0M
- Status: cancelled
- Products: aerospace components
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [ASCO](https://endata.com/companies/926.md) (target)
- [Bombardier](https://endata.com/companies/2513.md) (target)
- [Spirit AeroSystems](https://endata.com/companies/16652.md) (acquirer)

## Sources

- [flightglobal.com](https://www.flightglobal.com/airframers/2020/09/spirit-terminates-asco-acquisition-plan-warns-of-bombardier-deal-fallout/), 2020-09-29: "Spirit AeroSystems has terminated its planned $420 million acquisition of aerospace component maker Asco"
- [piquenewsmagazine.com](https://www.piquenewsmagazine.com/national-business/uncertainty-rises-around-half-billion-dollar-sale-of-bombardier-plants-to-spirit-2755620), 2020-09-30: "Uncertainty continues to mount around the US$500-million sale of Bombardier Inc.'s aerostructures business to Spirit AeroSystems, as the Kansas-based company warns that a failed transaction could pave the way for a legal dispute with the Quebec plane maker."
- [design-engineering.com](https://www.design-engineering.com/uncertainty-rises-in-sale-of-bombardiers-aerostructures-business-to-spirit-1004035618/), 2020-09-30: "Uncertainty continues to mount around the US$500-million sale of Bombardier Inc.'s aerostructures business to Spirit AeroSystems, as the Kansas-based company warns that a failed transaction could pave the way for a legal dispute with the Quebec plane maker."

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