5th Jan 2026 08:53
Senior PLC - Hertfordshire, England-based maker of components and systems for aerospace and defence, land vehicle, and power and energy customers - Completes sale of its Aerostructures business to Sullivan Street Partners on December 31. Says disposal marks a key step in its strategy to focus on becoming a global fluid conveyance and thermal management specialist. Confirms initial net proceeds will be used to reduce net debt and fund a GBP40 million share buyback programme, expected to start after the closed period ends with full-year results on March 2, 2026. Chief Executive David Squires says: "Senior is well positioned to deliver above-market growth, increasing margins, and enhanced returns on capital with strong operating cash flow generation. We remain confident in our ability to create sustainable long-term value for our shareholders as we execute against our strategy." Read More