M&A Deal Summary

GKN Acquires Sheets Manufacturing

On June 11, 2015, GKN acquired defense company Sheets Manufacturing

Acquisition Highlights
  • This is GKN’s 1st transaction in the Defense sector.
  • This is GKN’s 8th transaction in the United States.
  • This is GKN’s 1st transaction in California.

M&A Deal Summary

Date 2015-06-11
Target Sheets Manufacturing
Sector Defense
Buyer(s) GKN
Deal Type Add-on Acquisition

Target

Sheets Manufacturing

Camarillo, California, United States
Sheets Manufacturing, Inc. is a manufacturer of air flight products and components.

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Buyer(S) 1

Buyer

GKN

Redditch, United Kingdom

Category Company
Sector Engineering
Employees51,400
Revenue 9.7B GBP (2017)
DESCRIPTION

GKN is a global engineering company. Known for its expertise in advanced manufacturing, GKN specializes in designing, manufacturing, and supplying innovative components and systems for the automotive, aerospace, and industrial markets. Its extensive product portfolio includes driveline technologies, electric drivetrains, lightweight structures, aerospace systems, and power management solutions. GKN is based in Redditch, United Kingdom.


DEAL STATS #
Overall 19 of 20
Sector (Defense) 1 of 1
Type (Add-on Acquisition) 11 of 12
State (California) 1 of 1
Country (United States) 8 of 8
Year (2015) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-25 Williams Hybrid Power

Grove, United Kingdom

WHP specialises in the design and manufacture of composite flywheel-based energy storage systems, initially exploring options for the bus, truck and tram markets. GKN and WHP have been working together to validate the use of this technology and now that this stage has been reached, it is appropriate for GKN to use its global resources and manufacturing capability to maximise the commercial opportunities that exist.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-28 Fokker Technologies Group B.V.

Papendrecht, Netherlands

Fokker Technologies Group B.V. is a global aerospace specialist that develops and manufactures highly engineered advanced aircraft systems and components for aircraft manufacturers and provides integrated maintenance services and products for aircraft owners and operators. The company was founded in 1919. Headquartered in Papendrecht, the Netherlands, Fokker operates facilities in the Netherlands, Romania, Turkey, Canada, Mexico, USA, China, India and Singapore, and employs approximately 4,900 people.

Buy €706M