M&A Deal Summary

Meggitt Acquires EDAC - Aerospace Components Manufacturing Division

On September 22, 2015, Meggitt acquired aerospace company EDAC - Aerospace Components Manufacturing Division from EDAC Technologies for 340M USD

Acquisition Highlights
  • This is Meggitt’s 6th transaction in the Aerospace sector.
  • This is Meggitt’s 2nd largest (disclosed) transaction.
  • This is Meggitt’s 8th transaction in the United States.
  • This is Meggitt’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2015-09-22
Target EDAC - Aerospace Components Manufacturing Division
Sector Aerospace
Buyer(s) Meggitt
Sellers(s) EDAC Technologies
Deal Type Divestiture
Deal Value 340M USD

Target

EDAC - Aerospace Components Manufacturing Division

Cheshire, Connecticut, United States
EDAC - Aerospace Components Manufacturing Division

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Buyer(S) 1

Buyer

Meggitt

Coventry, United Kingdom

website

Category Company
Founded 1947
Sector Engineering
Revenue 1.6B GBP (2022)
DESCRIPTION

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.

DEAL STATS #
Overall 12 of 12
Sector (Aerospace) 6 of 6
Type (Divestiture) 4 of 4
State (Connecticut) 1 of 1
Country (United States) 8 of 8
Year (2015) 3 of 3
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-22 Cobham Advanced Composites

Stevenage, United Kingdom

Cobham Advanced Composites Ltd. design, development and production of highly engineered 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 complex secondary structures (air-to-air refuelling, structural munitions components).

Buy $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-21 Meggitt Target Systems

Ashford, United Kingdom

Meggitt Target Systems is a international provider of unmanned aerial, naval and land-based target systems and services for test and evaluation (“T&E”) and operational training and rehearsal. Meggitt Target Systems provides target systems to approximately 40 countries from its operations in the UK and Canada, and performs on-site target services in 15 of those countries.

Sell £58M

Seller(S) 1

SELLER

EDAC Technologies

Farmington, Connecticut, United States

website

Category Company
Founded 1946
Sector Aerospace
Employees480
DESCRIPTION

EDAC Technologies is a diversified designer, manufacturer and servicer of precision components for aerospace and industrial applications. EDAC offers design and manufacturing services for commercial and military aircraft, in such areas as jet engine parts, special tooling, equipment, gauges and components used in the manufacture, assembly and inspection of jet engines.

DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Divestiture) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-15 Parkway Aerospace & Defense/Parkway Products

Erlanger, Kentucky, United States

Parkway Aerospace & Defense’s rapidly expanding composites-focused business.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 Flanagan Industries

Glastonbury, Connecticut, United States

Flanagan Industries LP is a manufacturer of aerospace and land-based gas turbine components marketed around the world.

Buy -
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