M&A Deal Summary

GKN Acquires Teleflex Aerospace Manufacturing Group

On April 4, 2007, GKN acquired aerospace company Teleflex Aerospace Manufacturing Group from Teleflex

Acquisition Highlights
  • This is GKN’s 4th transaction in the Aerospace sector.
  • This is GKN’s 7th transaction in the United States.
  • This is GKN’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2007-04-04
Target Teleflex Aerospace Manufacturing Group
Sector Aerospace
Buyer(s) GKN
Sellers(s) Teleflex
Deal Type Divestiture

Target

Teleflex Aerospace Manufacturing Group

Manchester, Connecticut, United States
Teleflex Aerospace Manufacturing Group, Inc. is a manufacturer of complex engine components for the aerospace industry. Company businesses provide engine repair products and services for flight turbine engines, cargo handling systems and equipment for wide body and narrow body aircraft, cargo containment devices for air cargo and passenger baggage, and actuators for applications in commercial and military aircraft.

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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 11 of 20
Sector (Aerospace) 4 of 7
Type (Divestiture) 2 of 5
State (Connecticut) 1 of 1
Country (United States) 7 of 8
Year (2007) 1 of 1
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-15 Airbus Filton

Bristol, United Kingdom

Airbus Filton Ltd. component manufacturing and assemblies aerospace company.

Buy £136M

Seller(S) 1

SELLER

Teleflex

Wayne, Pennsylvania, United States
Category Company
Founded 1943
Sector Medical Products
Employees14,500
Revenue 3.0B USD (2023)
DESCRIPTION

Teleflex is a global provider of medical technology products that enhance clinical benefits, improve patient and provider safety and reduce total procedural costs. The Company primarily designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for common diagnostic and therapeutic procedures in critical care and surgical applications. Teleflex markets and sells its products to hospitals and healthcare providers worldwide through a combination of our direct sales force and distributors. Teleflex was founded in 1943 and is based in Wayne, Pennsylvania.

DEAL STATS #
Overall 3 of 9
Sector (Aerospace) 1 of 3
Type (Divestiture) 3 of 9
State (Connecticut) 1 of 1
Country (United States) 3 of 7
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-08 Taut

Geneva, Illinois, United States

Taut, Inc., a producer of instruments and devices for minimally invasive surgical procedures, particularly laparoscopic surgery.

Buy $28M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-23 Arrow International

Reading, Pennsylvania, United States

Arrow International, Inc., develops, manufactures and markets a broad range of catheter - based therapeutic products. From advanced catheters to cardiac asisit devices, everything we make is carefully engineered to address the clinical needs of physicians, nurses and patients.

Buy $2.0B
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