Gleiss Lutz has advised Alcoa, a leader in lightweight, high-performance metals, on the acquisition of privately held TITAL. TITAL is a leader in titanium and aluminum structural castings for aircraft engines and airframes.
The transaction remains subject to customary closing conditions and receipt of required regulatory approvals. Alcoa expects to close the transaction in the first quarter of 2015. Financial details of the transaction were not disclosed.
TITAL supplies industry leading companies around the world, primarily in the field of aerospace and defense systems, with aluminum and titanium investment casting products. Alcoa is a global leader in lightweight metals technology, engineering and manufacturing. Approximately 62,000 people in 30 countries deliver products made of titanium, nickel and aluminum, and produce bauxite, alumina and primary aluminum products. The acquisition will further expand Alcoa’s aerospace business and strengthen its global position to capture increasing demand for advanced jet engine components made of titanium.
The Gleiss Lutz team for Alcoa consisted of: Dr. Patrick Kaffiné (lead, partner, corporate/M&A, Frankfurt), Dr. Maximilian von Mangoldt (corporate/M&A, Frankfurt), Dr. Jan Bauer (partner, corporate/M&A, Frankfurt), Dr. Michael Ilter (corporate/M&A, Frankfurt), Dr. Matthias Sonntag (partner, IP, Düsseldorf), Dr. Philipp Naab (counsel, real estate, Frankfurt), Dr. Jacob von Andreae (state aid, Düsseldorf), Dr. Thomas Winzer (partner), Dr. Tobias Abend (both employment, Frankfurt), Patrick Steinhausen (Finance, Frankfurt), Dr. Johann Wagner (partner, Hamburg), Dr. Michael Betzinger (Frankfurt, both tax).
Weiterleiten
