AIAC GROUP confirmed for Hans Brockstedt GmbH acquisition

AIAC (American Industrial Acquisition Corp.) has received approval for its previously announced acquisition of insolvent PCB manufacturer Hans Brockstedt GmbH.

Acquisiton confirmed

Acquisiton confirmed

It is AIAC’s second recent local acquisition, following a deal for Wetter-based Schoeller Electronics last month.

Michael Keuthen, the CEO of both companies, said: “We can now offer services and products for a wide PCB portfolio: prototypes and small series at Brockstedt, small to medium series at Schoeller.”

Hans Brockstedt logo web

Hans Brockstedt has filed for insolvency in April and is currently in administration.

AIAC is a turnaround specialist that owns some 60 manufacturing sites with over 10,000 employees in North America, Europe, Africa, and Asia, with total annual revenues exceeding $1.2 billion. AIAC has purchased and turned around distressed manufacturing units of Boeing, Siemens, Northrop Grumman, Lockheed Martin, Kodak, Ingersoll-Rand, Alstrom, Novelis, Jabil and other multinationals. It focuses on companies with revenues of $5 million to $500 million and EBITDA of -$30 million to break even.