Cerberus Capital Management has agreed to acquire a substantial portion of Goodwin plc's Mechanical Engineering Division, including Goodwin Steel Castings, Goodwin International, Noreva, Easat and the Pump Division, for up to about £1.1 billion in cash. Closing is expected in Q1 2027.
The Court-sanctioned scheme of arrangement for Parker's acquisition of aerospace components maker Meggitt became effective on 12 September 2022. The deal value is not stated in the article.
Parker-Hannifin agreed to buy all of Meggitt PLC, the Coventry-based aerospace and defense motion and control company, for about GBP 6.3 billion in cash. The deal remains subject to regulatory clearances and Meggitt shareholder approval.
Shannon-based Atlantic Aviation Group acquired a former Flybe maintenance operation from UK administrators for an undisclosed sum. The UK business employs 112 people and provides maintenance, repair and overhaul services.
LDC supported a secondary buyout of ELE Advanced Technologies, a Lancashire maker of aerospace and gas turbine components, in October 2019 to fund organic growth and capacity investment. The company later moved to a larger facility in Nelson, Lancashire, adding 40% production capacity.
European Springs & Pressings, a Lesjöfors company, bought a new site of about 2,000 square metres in Penryn, Cornwall, to serve its industrial spring business. It is planned to be fully operational from Q4 2018 with over 20 staff.
Bombardier's Belfast operation secured a contract to develop and produce a new thrust reverser nacelle component for Airbus's Pratt & Whitney-powered A320neo family. The work is run by its Aerostructures and Engineering Services division.