AMAG Austria Metall AG has acquired a 70% majority stake in Aircraft Philipp Group (ACP), enhancing its capabilities in mechanical processing for the aerospace industry and promoting sustainable practices.

Target Information

AMAG Austria Metall AG has successfully acquired a 70% majority stake in Aircraft Philipp Group (ACP), a well-established manufacturer of ready-to-install metal components primarily for the aerospace industry. ACP, which reported a revenue of €50 million in 2019, boasts over 50 years of experience in the field. The company's core expertise lies in the specialized mechanical processing of aluminum and titanium, with production facilities located in Übersee/Chiemsee and Karlsruhe that collectively employ more than 200 people.

Specializing in high-precision machining, ACP is poised to enhance AMAG's value chain by adding mechanical processing capabilities, such as milling and drilling, along with the production of specialized components. This strategic move allows AMAG to expand its offerings beyond rolled semi-finished products, thereby positioning itself as a comprehensive supplier within the aerospace sector.

Industry Overview

The aerospace industry in Austria has been experiencing significant growth, driven by increasing global demand for air travel and advancements in technology. Austria's strategic location in Europe, combined with its robust engineering and manufacturi