Aerospace supplier offloads US subsidiary in £118m deal
Meggitt, the Ansty company specialising in high performance components and sub-systems for the aerospace, defence and energy markets, has sold its US subsidiary, Meggitt Training Systems to Pine Island Capital Partners, a US private investment firm, in a £118m deal.
The firm says the deal is "consistent with [its] strategy to focus on businesses of scale in markets where its leading positions offer greater potential for growth and operational efficiencies".
Meggitt Training Systems develops advanced technology-enabled training ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
