Hutchinson SA entered into an agreement to acquire PFW Aerospace GmbH from Airbus SE (ENXTPA:AIR) and Safeguard International on September 16, 2019. Airbus SE has held 74.9% in PFW Aerospace, while Safeguard has held the remaining 25.1%. The acquisition is subject to clearance from relevant authorities. Hutchinson SA has submitted its agreed takeover of PFW Aerospace GmbH for approval by the European Commission. As of December 23, 2019, the transaction is approved by European Commission. Accuracy performed vendor due diligence to PFW Aerospace. Lazard Ltd acted as financial advisor to Airbus SE. Ernst & Young acted as due diligence provider to Hutchinson S.A. Hutchinson SA completed the acquisition of PFW Aerospace GmbH from Airbus SE (ENXTPA:AIR) and Safeguard International on January 10, 2020. Airbus SE (ENXTPA:AIR) completed the sale of 74.9% stake in PFW Aerospace GmbH for €103 million on December 23, 2019.