ST Engineering to acquire MRAS from GE for $630M

ST Engineering's US subsidiary VT Aerospace signed an agreement to acquire MRA Systems (MRAS), a nacelle manufacturer, from General Electric for $630 million.

“The Proposed Acquisition will allow ST Engineering to scale up its aerospace capabilities by moving the company into the OEM business of high-value nacelle components and replacement parts.”stengg.com

• 5 sources
• stengg.comNews - ST Engineering to Acquire Nacelle Manufacturer for Aggregate Purchase Consideration of US$630mSep 13, 2018
• aircosmosinternational.comST Engineering to acquire MRASStaff writerSep 13, 2018
• airframer.comST Engineering to acquire nacelle manufacturer for aggregate purchase consideration of US$630m | Press release | Airframer | AirframerSep 13, 2018
• straitstimes.comST Engineering plans its largest takeover so far in US$630m deal | The Straits TimesSep 13, 2018
• airforce-technology.comM&As this week: Rostec, Firstmark, PGZ - Airforce TechnologyRaghavi JoshiSep 27, 2018

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