Gardner Aerospace acquired by Chinese firm SLMR for over £300 million

Gardner Aerospace, Europe's largest supplier of aerospace detailed parts, announced the completion of its acquisition by Ligeance Investments Ltd, a Hong Kong-based subsidiary of Shaanxi Ligeance Mineral Resources, for over £300 million.

“With the long-term backing of our new owners, we will be able to accelerate our growth plans, construct operations in new locations and continue to offer our customers, such as Airbus, excellent quality production at competitive prices.”aviator.aero

• 1 source
• aviator.aeroAirbus supplier Gardner Aerospace Announces Completion of Sale to Chinese Firm SLMR | AVIATORJun 19, 2017

Summarized from public sources; check the original articles before acting on it.