Announced
Synopsis
cunova, a global manufacturer of high-end specialty copper alloy products, is set to go public via merger with SDCL EDGE Acquisition, a special purpose acquisition company, in a $736m deal. "We are excited to join forces with KME Aerospace, which we believe will give us access to a new, exciting, and high-growth end market. Space exploration activity is currently outpacing the reusability rate of engines and we expect this could triple our addressable copper component market opportunity from 2023 to 2030. As an established provider of mission-critical rocket engine components to nearly all the western tier one companies in the space exploration sector, we believe KME Aerospace currently has a first mover advantage in this end market," Werner Stegmüller, cunova CEO.
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