Gardner Aerospace Holdings, the British unit of Shaanxi Ligeance Mineral Resources, completed its purchase of Northern Aerospace for around $58 million after receiving CMA clearance.
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.
Chinese aerospace and mining group Ligeance Investments, a subsidiary of Shaanxi Ligeance Mineral Resources, acquired UK-based Gardner Aerospace Holdings Ltd for £326 million ($420.5 million) in June 2017.
Gardner Aerospace has started construction of its global flagship plant in Chengdu, China. The $90 million facility will produce aircraft and aerospace engine parts and will become the company's headquarters for global management.
Gardner Aerospace, Europe's largest supplier of aerospace detailed parts, announced the completion of its acquisition by Ligeance Investments Ltd, a Hong Kong-based subsidiary of Shaanxi Ligeance Mineral Resources, for over £300 million.
Chinese aerospace and mining group Ligeance Investments, a subsidiary of Shaanxi Ligeance Mineral Resources, acquired UK-based Gardner Aerospace Holdings Ltd for £326 million ($420.5 million). Gardner Aerospace is a supplier to Rolls-Royce and Airbus.
Shaanxi Ligeance Mineral Resources, along with its subsidiary Chengdu Aerospace Superalloy Technology, has announced the acquisition of aerospace parts manufacturer Gardner Aerospace for £326 million in cash. The deal is subject to regulatory approvals.