# Shaanxi Ligeance unit to acquire UK's Northern Aerospace for GBP44M

Gardner Aerospace Holdings, a wholly-owned UK unit of Shaanxi Ligeance Mineral Resources, plans to acquire a 100% stake in Northern Aerospace for GBP44 million (USD59 million). The deal is subject to conditions and approvals.

- Type: Acquisition
- Announced: 2018-06-07
- Where: Derby, United Kingdom
- Value: $59.0M (44.0M GBP)
- Status: announced
- Products: aircraft wing structures
- 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) (acquirer)
- [Northern Aerospace](https://endata.com/companies/32442.md) (target)
- [Better Capital](https://endata.com/companies/32443.md) (partner)

## Sources

- [www2.yicaiglobal.com](https://www2.yicaiglobal.com/news/shaanxi-ligeance-unit-plans-to-wholly-acquire-uk-aircraft-wing-supplier-northern-aerospace), 2018-06-08: "Shaanxi Ligeance Mineral Resources plans to wholly acquire British supplier of aircraft wing structures Northern Aerospace via its wholly-owned unit in the UK."
- [yicaiglobal.com](https://www.yicaiglobal.com/news/shaanxi-ligeance-unit-plans-to-wholly-acquire-uk-aircraft-wing-supplier-northern-aerospace), 2018-06-08: "Shaanxi Ligeance Mineral Resources plans to wholly acquire British supplier of aircraft wing structures Northern Aerospace via its wholly-owned unit in the UK."

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