Textron Inc., known for the famous aviation brands – Cessna, Beechcraft and Bell, announced that it has entered into an agreement to purchase Pipistrel, an award-winning pioneer and global leader in electrically powered aircrafts, based in Slovenia and Italy.
Our colleagues Partner Igor Angelovski, Senior Associates Nina Krajnc and Kevin Rihtar, and Senior Counsel Saša Oražem from Ketler and Partners, member of Karanovic, advised Textron on this acquisition. The transaction is expected to close during the second quarter of 2022.
Pipistrel founder and CEO Ivo Boscarol will remain a minority shareholder as well as Chairman Emeritus, consulting on future product plans and strategies for two years.
“Pipistrel has been celebrated as one of the world’s most important and successful manufacturers of electric aircraft,” said Textron Chairman and CEO Scott Donnelly Donnelly. “Textron is committed to maintaining Pipistrel’s brand, headquarters, research and development, and manufacturing in Slovenia and Italy while making additional investments in Pipistrel for the development and production of future products.”
The information in this document does not constitute legal advice on any particular matter and is provided for general informational purposes only.