# Aernnova to acquire GE Aviation's Hamble business

Spanish aerostructures firm Aernnova has signed an agreement to purchase GE Aviation's Hamble, UK-based business. The acquisition is expected to increase Aernnova's long-term revenues by about $200 million per year.

- Type: Acquisition
- Announced: 2019-10-03
- Where: Hamble, UK, United Kingdom
- Status: announced
- Products: aerostructures
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [GE Aviation](https://endata.com/companies/1647.md) (target)
- [Aernnova](https://endata.com/companies/42535.md) (acquirer)

## Sources

- [aviationweek.com](https://aviationweek.com/business-aviation/aernnova-buy-ge-aviations-hamble-business), 2019-10-03: "Aernnova said Oct. 3 it had signed an agreement with GE to purchase the business in a move that would increase Aernnova's long-term revenues by about $200 million per year."
- [aviationweek.com](https://aviationweek.com/aernnova-buy-ge-aviations-hamble-business), 2019-10-03: "Aernnova said Oct. 3 it had signed an agreement with GE to purchase the business in a move that would increase Aernnova's long-term revenues by about $200 million per year."
- [slaughterandmay.com](https://www.slaughterandmay.com/recent-work/slaughter-and-may-advised-ge-aviation-on-an-agreement-to-sell-its-aerostructures-business-at-hamble-uk-to-aernnova/), 2019-10-21: "Slaughter and May advised GE Aviation on an agreement to sell its aerostructures business at Hamble, UK to Aernnova"

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