Baykar Completes Acquisition of Piaggio Aerospace
Deal News | Jul 04, 2025 | Legal Community Italy
Baykar, a Turkish company specializing in UAVs and aerospace technology, has acquired Piaggio Aero Industries and Piaggio Aviation. Both companies, under extraordinary administration, are known for manufacturing aircraft and aeronautical engines under the Piaggio Aerospace brand. The acquisition represents a strategic step in revitalizing an iconic Italian brand within the aviation industry, with Baykar committed to maintaining current employment levels in Italy and potentially increasing the workforce as production expands. The deal also highlights a broader industrial cooperation between Italy and Turkey, including a joint venture between Baykar and Leonardo for the development of unmanned aircraft. Baykar plans significant investments to stabilize and grow Piaggio Aerospace. The legal side of the transaction was handled by Gianni & Origoni, advising Baykar, and BonelliErede, and Pessi e Associati, representing the commissioners of Piaggio Aero Industries and Piaggio Aviation.
Sectors
- Aerospace and Defense
- Legal Services
Geography
- Italy – The target companies, Piaggio Aero Industries and Piaggio Aviation, are based in Italy.
- Turkey – Baykar, the acquiring company, is based in Turkey.
Industry
- Aerospace and Defense – The article discusses the acquisition of companies involved in the development and production of aircraft and aerospace technology.
- Legal Services – Multiple law firms are involved in advising the transaction, highlighting the role of legal services in M&A activities.
Financials
- Undisclosed – The financial terms of the acquisition are not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Baykar | Acquirer | Company | A Turkish company engaged in UAV systems and aerospace technology. |
| Piaggio Aero Industries | Target Company | Company | An Italian company under extraordinary administration, involved in the production of aircraft and aeronautical engines. |
| Piaggio Aviation | Target Company | Company | An affiliate of Piaggio Aero Industries, also producing aircraft and engines. |
| Leonardo | Joint venture partner | Company | An Italian global high-tech company involved in Aerospace, Defence and Security. |
| Gianni & Origoni | Legal Advisor | Company | An international law firm advising Baykar on the M&A transaction. |
| BonelliErede | Legal Advisor | Company | A law firm assisting the commissioners of Piaggio Aero Industries and Piaggio Aviation. |
| Pessi e Associati | Labour and Syndical Advisor | Company | A legal firm advising on labour and syndical aspects for the commissioners of Piaggio Aero Industries and Piaggio Aviation. |