Livingstone Advises Mengtai Group on Acquisition of Alu Menziken Extrusion AG from Montana Aerospace AG

Livingstone is pleased to announce that it has successfully advised Inner Mongolia Mengtai Group Co., Ltd. (together with its subsidiaries, “Mengtai Group”) on the acquisition of Alu Menziken Extrusion AG (“Alu Menziken”) from Montana Aerospace AG. The acquisition was executed through Mengtai Germany GmbH (“Mengtai Germany”), a wholly-owned subsidiary of Mengtai Group.

Montana Aerospace, a leading, vertically integrated manufacturer and supplier of system components and complex assemblies for the aerospace, e-mobility, and energy industries, has divested 100% of its shares in Alu Menziken to Mengtai Germany. This transaction is a significant milestone for Mengtai Group, enhancing its presence in the European aluminum extrusion market.

Alu Menziken is a reputable manufacturer of lightweight aluminum components, specializing in e-battery systems, structural components, and crash management systems. The company has built strong partnerships with key suppliers and OEMs across the automotive, railway, construction, industry, and pneumatics sectors. With around 700 employees and production facilities in Switzerland, Austria, and Romania, Alu Menziken boasts comprehensive production capabilities, from casting raw material and extrusion to machining, surface treatment, and assembly. In 2023, Alu Menziken generated consolidated net sales of EUR 160.9 million with an adjusted EBITDA of EUR 25.4 million.

Founded in 2001 and headquartered in Ordos, China, Mengtai Group focuses on energy generation and distribution, agriculture, and aluminum. With over 6,000 employees and an annual revenue of approximately EUR 6 billion in 2023, Mengtai Group is a major player in these industries. The acquisition of Alu Menziken complements the capabilities of its subsidiary, apt Holding GmbH (together with its subsidiaries, the “apt Group”), a leading company in the European aluminum industry. The apt Group supplies extruded profiles and mechanically processed products across multiple sectors, including automotive, construction, industry, and transport, with around 1,000 employees and four production sites in Europe.

Bo Ao, Vice Chairman of the Mengtai Group, said: “With this acquisition, we clearly underline our commitment to being the premier partner for our customers, providing full value across all market segments, from raw materials to complex product applications. Our special thanks go to the Livingstone team for its professional and endless support enabling us to further pursue our growth strategy in Europe with this transaction.”

“Our clear strategic focus as a group is becoming a more pure-play Aerostructures company where we are serving the mission critical needs of OEMs such as Airbus and Boeing. Finding a strategic buyer for our e-mobility business not only supports this strategy, but also gives Alu Menziken the chance to solidify its already strong market capabilities together with its new owner,” stated Michael Pistauer, Co-CEO and CFO of Montana Aerospace Group.

Markus Adams, CEO of the Alu Menziken Group, commented “The acquisition of Alu Menziken by the Mengtai Group is a perfect add-on to the apt Group activities, their existing aluminum business in Europe, and will allow further strategic growth as part of a strong international company.”

“Combining the apt Group and Alu Menziken Group under the umbrella of Mengtai Group offers great opportunities for growth and innovation with complementary market approaches and strengths of both groups,” added Michael Zint, CEO of the apt Group.

Baoshan Bao, Partner, and Roland Schulz, Associate Partner at Livingstone in Germany, summarized: “We are delighted to have advised Mengtai Group on the strategic acquisition of Alu Menziken Extrusion AG. This transaction underscores our dedication to supporting our clients’ growth objectives. We look forward to the continued success of both companies in this new chapter.”

The closing of the transaction is subject to customary conditions, including regulatory approvals. The financial terms of the transaction were not disclosed.