# Shaanxi Ligeance Mineral Resources to acquire Gardner Aerospace for £326M

Shaanxi Ligeance Mineral Resources, along with its subsidiary Chengdu Aerospace Superalloy Technology, has announced the acquisition of aerospace parts manufacturer Gardner Aerospace for £326 million in cash. The deal is subject to regulatory approvals.

- Type: Acquisition
- Announced: 2016-11-16
- Where: Derby, United Kingdom
- Value: $404.2M (326.0M GBP)
- Status: announced
- Products: aerospace parts
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Shaanxi Ligeance Mineral Resources](https://endata.com/companies/20089.md) (acquirer)
- [Chengdu Aerospace Superalloy Technology](https://endata.com/companies/20090.md) (acquirer)
- [Gardner Aerospace](https://endata.com/companies/20091.md) (target)

## Sources

- [cityam.com](https://www.cityam.com/shaanxi-ligeance-mineral-resources-digs-out-326m-gardner/), 2016-11-16: "The acquisition of Gardner will allow us to serve our customers better – in China and the rest of the world – for decades to come."

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