GKN has announced it has agreed to acquire Fokker Technologies Group from Arle Capital for £499 million.
The acquisition of Fokker further enhances GKN’s position as a leading global supplier to the aerospace industry. The combination brings together two leading technology companies with broad product portfolios and established positions on major aircraft platforms.
Fokker is a specialist Tier 1 supplier to the commercial, military and business jet markets. With almost 5,000 employees Fokker is headquartered in the Netherlands and has operations in Europe, North America and Asia. In the year ended 31 December 2014, Fokker generated revenue of €758 million. The company specialises in the design, development and production of lightweight composite aero structures, electrical wiring interconnection systems and landing gear.
Once the deal is completed, Fokker will become a new operating unit within GKN Aerospace. Fokker’s headquarters will remain in the Netherlands and its brand will continue. The company will also continue with its R&D and manufacturing facilities in the Netherlands as well as with its partnerships with the Dutch government and knowledge institutes.
The deal is expected to take place in the fourth quarter of 2015 following completion of the information and consultation procedures with the Fokker Works Council and trade unions, ITAR and CFIUS regulatory clearances and anti-trust clearance in the EU and the US.