M&A Deal Summary

Avingtrans Acquires Stainless Metalcraft

On September 15, 2004, Avingtrans acquired manufacturer Stainless Metalcraft from Ferrari for 8M GBP

Acquisition Highlights
  • This is Avingtrans’ 1st transaction in the Manufacturing sector.
  • This is Avingtrans’ largest (disclosed) transaction.
  • This is Avingtrans’ 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2004-09-15
Target Stainless Metalcraft
Sector Manufacturing
Buyer(s) Avingtrans
Sellers(s) Ferrari
Deal Type Divestiture
Deal Value 8M GBP

Target

Stainless Metalcraft

Chatteris, United Kingdom
Stainless Metalcraft (Chatteris) Ltd. is a producer of fabricated and machined products to major suppliers of diagnostic imagery and the European Scientific Community.

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Buyer(S) 1

Buyer

Avingtrans

Chatteris, United Kingdom

Category Company
Founded 1985
Sector Aerospace
Employees732
Revenue 116M GBP (2023)
DESCRIPTION

Avingtrans is a manufacturer of provision of highly engineered components, systems and services to the aerospace, energy, medical and traffic management industries worldwide. Avingtrans was founded in 1985 and is headquartered in Chatteris, England.


DEAL STATS #
Overall 2 of 10
Sector (Manufacturing) 1 of 3
Type (Divestiture) 1 of 5
Country (United Kingdom) 2 of 10
Year (2004) 2 of 2
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-01 Crown UK

Bristol, United Kingdom

Crown UK Ltd. is a designer and manufacturer of housings and stands for roadside speed cameras and gantry and trackside poles for railway signalling.

Buy £2M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-20 B&D Patterns

Hinckley, United Kingdom

Sigma Precision Components Ltd. is a manufacturer of assemblies and components to the global aerospace industry. Sigma Precision Components was founded in 2004 and is based in Hinckley, United Kingdom.

Buy -

Seller(S) 1

SELLER

Ferrari

Maranello, Italy

Category Company
Founded 1947
Sector Automotive
Employees5,204
Revenue 6.0B EUR (2023)
DESCRIPTION

Ferrari is a producer of luxury sports cars. Ferrari was founded in 1947 and is based in Maranello, Italy.


DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1