Acquisition of advanced composites businesses completed
Meggitt completes acquisition of the advanced composites businesses of Cobham plc
Further to the announcement made on 10 August 2015, Meggitt confirms that the acquisition of the advanced composites businesses of Cobham plc (Cobham Advanced Composites Limited, Compass Composites Products Inc and certain assets of Cobham Advanced Electronic Solutions Inc) for $US 200 million in cash has now received all necessary approvals and the transaction has been completed.
The acquired businesses will be integrated into Meggitt’s polymers and composites division.
Headquartered in the United Kingdom, Meggitt PLC is an international group operatingin North America, Europe and Asia. Known for its specialised extreme environment engineering, Meggitt is a world leader in aerospace, defence and energy, employing nearly 11,000 people at more than 40 manufacturing facilities and regional offices worldwide.