# Cerberus to acquire Goodwin plc mechanical engineering businesses for up to £1.1 billion

Cerberus Capital Management has agreed to acquire a substantial portion of Goodwin plc's Mechanical Engineering Division, including Goodwin Steel Castings, Goodwin International, Noreva, Easat and the Pump Division, for up to about £1.1 billion in cash. Closing is expected in Q1 2027.

- Type: Acquisition
- Announced: 2026-09-10
- Where: Stoke-on-Trent, England, United Kingdom
- Value: $1.49B (1.10B GBP)
- Status: announced
- Products: steel castings, pumps, mechanical engineering components
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Pumps and Valves](https://endata.com/sectors/pumps-valves.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Cerberus Capital Management](https://endata.com/companies/4142.md) (acquirer)
- [Goodwin](https://endata.com/companies/12457.md) (target)

## Sources

- [pulse2.com](https://pulse2.com/cerberus-to-acquire-goodwin-mechanical-engineering-businesses-for-up-to-1-1-billion/), 2026-09-10: "Cerberus Capital Management has agreed to acquire a substantial portion of Goodwin plc's Mechanical Engineering Division for up to approximately £1.1 billion in cash."
- [mergerloop.com.au](https://www.mergerloop.com.au/deals/WA-90043/cerberus-mechanical-engineering-business-of-goodwin), 2026-10-09: "Cerberus Capital Management, L.P. proposes to acquire the high integrity products, radar systems and submersible pumps businesses"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.