Meggitt - M&A Summary, Ownership, and Business Overview

EngineeringCompany

Meggitt M&A Summary

Meggitt has acquired 12 companies of its own. It has also divested 6 assets.

Meggitt’s largest acquisition to date was in 2011, when it acquired Pacific Scientific Aerospace for $685M. It’s largest disclosed sale occurred in 2020, when it sold InVeris Training Solutions to Pine Island Capital Partners for $146M. Meggitt has acquired in 5 different US states, and 4 countries. The Company’s most targeted sectors include aerospace (50%) and technology hardware (9%).

Meggitt Ownership

Who owns Meggitt?

Meggitt is owned by Parker Hannifin. It was acquired on August 2, 2022.

Meggitt Business Overview

Where is Meggitt headquartered?

Meggitt is headquartered in Coventry, United Kingdom.

What is Meggitt’s revenue?

Meggitt disclosed revenue of 1,630M GBP for 2022 and 1,489M GBP for 2021.

What sector is Meggitt in?

Meggitt is an engineering company.

When was Meggitt founded?

Meggitt was founded in 1947.

M&A Summary

  • M&A Total Activity18
    • M&A Buy Activity12
    • M&A Sell Activity6
  • Total Sectors Invested 7
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 10

Meggitt

Meggitt PLC

Ansty Business Park Pilot Way Bournemouth International Airport,
Coventry, CV7 9JU
United Kingdom,
+44 24 7682 6900
www.meggitt.com

Meggitt provides engineering group specialising in extreme environment components and smart sub-systems for aerospace, defence and energy markets. Meggitt was founded in 1947 and is based in Coventry, the United Kingdom.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 12 - - - - - 12
vol $1.3B $1.3B
Sell (0.4/yr) # 4 1 - 1 - - 6
vol $173M $146M $79M $398M
  18

Most Recent M&A

Company Date Value Type
Meggitt A/S 2022-04-12 79M DKK Divestiture
Kvistgaard, Denmark · www.meggittferroperm.com
InVeris Training Solutions, Inc. 2020-07-01 146M USD Divestiture
Suwanee, Georgia · www.inveristraining.com
Meggitt (Orange County), Inc. 2019-09-05 - Divestiture
Irvine, California · www.endevco.com
Precision Micro Ltd. 2018-04-24 35M GBP Divestiture
Birmingham, United Kingdom · www.precisionmicro.com
Meggitt Target Systems 2016-12-21 89M GBP Divestiture
Ashford, United Kingdom
EDAC - Aerospace Components Manufacturing Division 2015-09-22 340M USD Divestiture
Cheshire, Connecticut
Cobham Advanced Composites Ltd. 2015-09-22 200M USD Divestiture
Stevenage, United Kingdom
Precision Engine Controls Corp. 2015-01-06 44M USD Divestiture
San Diego, California · www.precisioneng.com
Joslyn Sunbank Co. LLC 2013-12-20 50M USD Divestiture
Paso Robles, California · www.sunbankcorp.com
Piezotech LLC 2013-08-28 41M USD Add-on Acquisition
Indianapolis, Indiana · www.piezotechnologies.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Aerospace 6 (50%) 581M (44%) 1 (17%) 89M (22%)
Distribution 1 (8%) - 1 (17%) 50M (13%)
Manufacturing 1 (8%) - 1 (17%) 35M (9%)
Technology Hardware 1 (8%) - 1 (17%) 79M (20%)
Electrical Equipment 1 (8%) 685M (52%) - -
Energy Services and Equipment 1 (8%) - - -
Machinery 1 (8%) 44M (3%) - -
Education - - 1 (17%) 146M (37%)
Test/Measurement Equipment - - 1 (17%) -
Total 12 $1.3B 6 $398M

By Geo

State/Country Buy Value Sell Value
United States 8 425M 3 196M
  California 4 44M 2 50M
  Texas 1 - - -
  Maryland 1 - - -
  Indiana 1 41M - -
  Connecticut 1 340M - -
  Georgia - - 1 146M
United Kingdom 2 200M 2 123M
Denmark 1 - 1 79M
1 685M - -
Domestic 2 (17%) 200M (15%) 2 (33%) 123M (31%)
Cross-border 10 (83%) 1.1B (85%) 4 (67%) 275M (69%)
Total 12 $1.3B 6 $398M

Deal Values

buy # Total
$100M to $1B 3 $1.2B
< $100M 2 $85M
TOTAL $1.3B
Largest Pacific Scientific Aerospace
$685M (2011-01-18)
sell # Total
$100M to $1B 1 $146M
< $100M 4 $252M
TOTAL $398M
Largest InVeris Training Solutions, Inc.
$146M (2020-07-01)

M&A Connections

Deals
Acquired from
Strategic(s)
33%
4 (33%)
Divested to
Investor(s)
33%
2 (33%)
Strategic(s)
67%
4 (67%)

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