COTESA GmbH

Shareholders of Cotesa GmbH, a Saxon aircraft supplier of fiber composite components, sold the company to Chinese investor Changzhou QFAT Composite Material. The transaction was reviewed under Germany's tightened foreign trade investment control regime and cleared in April 2018.

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.

A new materials industry fund co-managed by QFAT Investment and ICP Integrity Capital Partners acquired a controlling stake in COTESA, a German manufacturer of fiber composite parts for aviation and automotive. Advanced Technology & Materials Co., Ltd. is the anchor investor.

Boeing has awarded a five-year contract to Germany-based COTESA to supply composite parts for the tunnel cover section of the H-47 Chinook helicopter for the global fleet.

Boeing awarded COTESA GmbH a five-year contract to manufacture tunnel cover section components for the H-47 Chinook heavy transport helicopter. The contract is the first between Boeing and COTESA.