Meggitt Acquires Cobham’s Advanced Composites Business
Meggitt has agreed to acquire the advanced composites businesses of Cobham plc for US$200 million
Cobham develops and produces engineered aerospace composite engine components , radomes and complex secondary structures. The Businesses will be integrated into Meggitt Polymers & Composites (MPC) division.
The Acquisition is a major step in strengthening Meggit’s composites capability. The advanced composites businesses of Cobham plc are highly complementary to Meggitt’s business model and will provide a significant level of sole-source content and substantial growth opportunities in commercial aerospace.
The Acquisition, which is conditional on regulatory clearances including CFIUS and anti-trust, and other customary conditions, is expected to complete in the fourth quarter of 2015.