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10 November 2008

Asters Advises Finmeccanica S.p.A. on Acquisition of DRS Technologies


Asters has advised Finmeccanica, Società per azioni (Finmeccanica, S.p.A.), Rome, Italy, one of the major global defense and security high-tech companies, in connection with acquisition of DRS Technologies, Inc., Parsippany, USA, one of the leading suppliers of integrated defense electronic products, services and support worldwide.

The transaction is a major turning point for Finmeccanica in terms of strategic significance, company's size, financial performance and geographical presence. According to Finmeccanica's press-release the value of the transaction is around USD 5.2 billion.

Finmeccanica S.p.A. is the main Italian industrial group operating globally in the aerospace, defense and security sectors, and is one of the world's leading groups in the fields of helicopters and defense electronics. It is also the European leader for satellite and space services as well as having considerable know-how and production capacity in the energy and transport fields.

DRS Technologies, Inc. is the U.S.-based parent entity of a defense electronics group which operates in the fields of defense electronics and security, electro-optical applications, and radar and secure communications for naval and land based platforms.

The filing with the Antimonopoly Committee of Ukraine was handled by associates Tetiana Vovk, Iryna Tertytsia and Maryna Kovalko under the supervision of partner Igor Svechkar.



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