Leonardo Helicopters Division

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HAI Heli-Expo 2020

PRESS RELEASE – Anaheim, 28 January 2020

  • Leonardo buys 100% of the Swiss helicopter company Kopter from Lynwood
  • Profumo: “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.”
  • Closing of the transaction is to take place in the first quarter of 2020

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 centre working in coordination with us. 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.”

Gian Piero Cutillo, Managing Director Leonardo Helicopters, said: “We are proud to welcome this innovative company as an integral part of our world-leading helicopter business. 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.”

Marina Groenberg, CEO of Lynwood, stated: “Lynwood is very proud to have strongly supported the development of Kopter and its SH09 programme over the past 10 years. 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’s CEO Andreas Loewenstein declared: “Kopter is very excited to have won with Leonardo a solid industrial investor. 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.”

For the transaction, Leonardo was assisted by EY and Gatti Pavesi Bianchi. Lynwood was assisted by HoganLovells.

Arrival of our new AW169 Ambucopter moves closer after official handover in Italy.

We’re delighted to announce that our new state-of-the-art AgustaWestland 169 Ambucopter has been formally accepted by the Charity at an official handover in Italy on 5th July.

Chief Executive Karen Jobling and joint Chairman of the Board of Trustees Jack O’Hern travelled to Vergiate in Italy to formally accept the AW169, from AgustaWestland.

“It has been really amazing to finally see our new Ambucopter and to come out to the factory in Italy where it has been built. Our pilots have recently been here training and converting onto the AW169, and now seeing it come off the production line we’re looking forward to it flying back to the UK and becoming operational,” said Karen Jobling.

“The new helicopter will be in the same emergency yellow as our current helicopter, which the people of Lincolnshire and Nottinghamshire recognise as their air ambulance. Beyond the colour however, the aircraft is quite different. The AW169 has a significantly larger cabin area which will give our Critical Care Team 360° access to the patient, to provide time-critical medical treatment during flight if needed. The AW169 is faster, meaning we can reach patients, hospitals and major trauma centres more quickly. It can also fly further before it needs to be refuelled, which will allow us to deploy from one mission to the next without returning to base to refuel.”

Jack O’Hern said: “When the Board of Trustees were first presented with the information on the new top-of-the-range AW169, it was clear to see that this helicopter would be at the forefront of Helicopter Emergency Medical Service (HEMS) operations and would enable the Lincs & Notts Air Ambulance to provide the best possible critical care to its patients. This advancement in the service to patients means that the Charity now needs to raise in excess of £2.3million each year to support our lifesaving work.”

Our fantastic new Ambucopter will fly back to the UK very soon, but it will be a little while longer before the people of Lincolnshire and Nottinghamshire will see it taking to the skies. First stop for the Ambucopter is for a custom built medical fit to ensure that all of the state-of-the-art medical equipment is laid out properly, before it is finally delivered to mission headquarters at RAF Waddington later this summer.

The AW169 will replace our current MD 902 Explorer helicopter. The registration number of our AW169 is G-LNAC (Lincs & Notts Air Ambulance Charity), and we will continue to use the call sign Helimed 29 Alpha when we’re flying to a medical emergency.

  • Lincs & Notts Air Ambulance is non-government funded so we rely on the support of our local communities and businesses to raise in excess of £2.3million every year to keep our Ambucopter flying, saving lives and improving outcomes for patients 365 days a year.

GLNAC