28th Oct 2015 11:22
GKN PLC - Completion of AcquisitionGKN PLC - Completion of Acquisition
PR Newswire
London, October 28
GKN completes acquisition of Fokker Technologies Group B.V.
GKN plc confirms that the acquisition of Fokker Technologies Group B.V. (“Fokker”), announced on 28 July 2015, completed today.
Fokker is a specialist tier one aerospace supplier in aerostructures, electrical wiring systems, landing gear and associated services, across commercial, military and business jet end markets. It will reinforce GKN Aerospace’s global leadership positions, increase shipset value on key growth programmes and further extend its global footprint with presence in China, Turkey, India and Mexico.
For further information on this release please contact:
Guy StainerInvestor Relations Director, GKN plcT: +44 (0)207 463 2382M: +44 (0)7739 778187E: [email protected]
Chris FoxGroup Communications Director, GKN plcT: +44 (0)1527 53 3238M: +44 (0)7920 540051E: [email protected]
Press releases can also be found on the website www.gkn.com
Editor’s notes:
GKN plc is a global engineering group. It has four divisions; GKN Aerospace, GKN Driveline, GKN Powder Metallurgy and GKN Land Systems, which operate in the aerospace, automotive and land systems markets. Over 50,000 people work in GKN companies and joint ventures in more than 30 countries. GKN is listed on the London Stock Exchange (LSE: GKN) and recorded sales of £7.5 billion in the year to 31 December 2014.
GKN Aerospace is a global first tier supplier of airframe structures, engine components, transparencies and fuel/flotation systems, with sales of £2.2 billion in 2014. It has a significant participation on all major aircraft programmes today and a broad customer base spanning commercial, military, business aerospace and space markets. Its extensive engineering capability and clear focus on targeted innovation has created technological and manufacturing leads in each of its areas of expertise.
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