Meggitt PLC, an international engineering group specialising in aerospace, defense and energy markets, has agreed to acquire the advanced composites businesses of Cobham plc for US$200 million.
Cobham designs, develops and produces aerospace composite engine components (spinners, internal multi-stage components, exhaust flaps), radomes (C4I and defensive measures radomes, with a growing position in civil radomes) and secondary structures (air-to-air refuelling, structural munitions components). The composite businesses will be integrated into Meggitt Polymers & Composites (MPC), a division of Meggitt PLC.
Cobham’s composite operating facilities are located in the United States (San Diego, California and Baltimore, Maryland) and in the UK (Shepshed, Leicestershire and Stevenage, Hertfordshire). Revenues in 2014 were US$81.1 million.
Strong technologies
‘The businesses fit well into Meggitt's business model, with strong technologies and a significant level of single-source content,’ Meggitt said in a press release. ‘The acquisition also represents an excellent strategic and complementary fit with existing group capabilities. It complements and brings critical mass to Meggitt's complex composites product offeringStephen Young, Group Chief Executive of Meggitt, commented:
‘The acquisition represents a major step in strengthening our composites capability,’ said Stephen Young, group chief executive of Meggitt. ‘The advanced composites businesses of Cobham plc are highly complementary to Meggitt's business model, with strong technology positions, a significant level of sole-source content and substantial growth opportunities in commercial aerospace.
‘The acquisition will enhance our materials and manufacturing technologies and product offerings in complex composites, which are key to next generation aircraft components,’ he added.
This story is reprinted from material from Meggitt, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.