Parker-Hannifin to acquire Meggitt for £6.3 billion

Parker-Hannifin's £6.3 billion takeover of Meggitt is expected to complete in Q3 2022, despite a UK government referral on national security grounds. The deal includes commitments to keep Meggitt's UK headquarters in Coventry and protect R&D jobs.

“Meggitt has said it was confident its £6.3bn takeover by US rival Parker-Hannifin will go ahead despite the intervention of business secretary, Kwarsi Kwarteng over national security concerns.”aerospaceglobalnews.com

• 1 source
• aerospaceglobalnews.comMeggitt confident US takeover will go ahead despite government intervention - AGNAGN EditorialOct 19, 2021

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