# 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.

- Type: Acquisition
- Announced: 2017-06-19
- Where: United Kingdom
- Value: $381.0M (300.0M GBP)
- Status: completed
- Products: aerospace detailed parts, sub-assemblies
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

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

## Sources

- [aviator.aero](https://aviator.aero/press/airbus-supplier-gardner-aerospace-announces-completion-of-sale-to-chinese-firm-slmr), 2017-06-19: "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."

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