Buys 100% Of The Swiss Helicopter Company From Lynwood

Leonardo has signed a contract with Lynwood (Schweiz) AG to acquire 100% of Kopter Group AG (Kopter). This move allows Leonardo to further strengthen its worldwide leadership and position in the rotorcraft sector; leveraging innovation, new capabilities and engineering skills which have been developed by the young, agile Swiss Company.

Kopter’s SH09, a new single engine helicopter, is a perfect fit for Leonardo’s state of the art product range offering opportunities for future technological developments. The Swiss company’s competencies will boost future developments towards more disruptive technologies, mission capabilities and performances, including innovative hybrid/electrical propulsion solutions. This acquisition will replace the planned investment aimed at the development of a new single engine helicopter.

Within the Helicopter Division of Leonardo, Kopter will act as an autonomous legal entity and competence center working in coordination with the larger entity.

The purchase price, on a cash and debt free basis, consists of a $185 million fixed component plus an earn-out mechanism linked to certain milestones over the life of the programme, starting from 2022. The closing of the transaction is subject to certain conditions and is expected to take place during the first quarter of 2020. Alessandro Profumo, Leonardo CEO, said: “By this deal we confirm our commitment to strengthening Leonardo’s core business and sustaining our leadership in key areas. With this acquisition we will bring on board innovative skills and technologies that will complement our own and will also contribute to keeping us at the forefront of innovation and competitiveness whilst maintaining our financial solidity.”

"We are proud to welcome this innovative company as an integral part of our world-leading helicopter business," said Gian Piero Cutillo, Managing Director Leonardo Helicopters. "It complements perfectly our existing product portfolio adding a promising rotorcraft that will greatly benefit from our industrial know-how, service and training experience and commercial network.”

"Lynwood is very proud to have strongly supported the development of Kopter and its SH09 programme over the past 10 years," said Marina Groenberg, CEO of Lynwood. "It is now the right time for Leonardo to take over as they are a perfect match for Kopter at this stage of development.”

"Kopter is very excited to have won with Leonardo a solid industrial investor." said Kopter’s CEO Andreas Loewenstein. "Within Leonardo, we get the support to finalize our development on various fronts while keeping the ability to remain the agile single-engine pioneer that we are.”

Meanwhile, Kopter presented the final design features of its next generation single engine helicopter at a press briefing held on the eve of Heli-Expo 2020.

The SH09 design now embeds all enhancements identified during the intensive flight test campaign undergone by the third prototype (P3) first in Mollis, Switzerland and then in Pozzallo, Italy.

These optimizations include a new main rotor configuration and redesigned tail rotor, an enhanced design for the gear box, a new shape for the upper cowlings, modified landing skids, an optimized fuel system allowing to have a larger cabin and an additional seat, as well as a new aerodynamic package to enhance the riding quality and stability of the SH09.

(Source: Leonardo and Kopter news releases. Image from file)

FMI: www.leonardocompany.com