M&A Deal Summary

GKN Acquires Stellex Monitor Aerospace

On September 25, 2006, GKN acquired aerospace company Stellex Monitor Aerospace

Acquisition Highlights
  • This is GKN’s 2nd transaction in the Aerospace sector.
  • This is GKN’s 6th transaction in the United States.
  • This is GKN’s 1st transaction in New York.

M&A Deal Summary

Date 2006-09-25
Target Stellex Monitor Aerospace
Sector Aerospace
Buyer(s) GKN
Deal Type Add-on Acquisition

Target

Stellex Monitor Aerospace

North Amityville,, New York, United States
Stellex Monitor Aerospace, Inc. is a provider of engineered subsystems and components to aerospace, defense, and space industries.

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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 9 of 20
Sector (Aerospace) 2 of 6
Type (Add-on Acquisition) 7 of 12
State (New York) 1 of 1
Country (United States) 6 of 8
Year (2006) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-03 Rockford Powertrain

Loves Park, Illinois, United States

Rockford Powertrain, Inc. is a producer of high speed driveshafts focused on the construction and mining equipment sector. Based in Illinois, Rockford employs 185 people in the US and has outsourced an increasing proportion of its manufacturing to low labour cost countries, principally China, while retaining a strong US engineering and technical presence.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-16 Liuzhou Steel Rim Factory

Liuzhou, China

Liuzhou Steel Rim Factory is a manufacturer of wheels for the domestic off-highway industry and produces wheels for agricultural and construction equipment, forklift trucks, harbour cranes and light vehicles.

Buy £4M