Meggitt
Meggitt PLC is a British-based engineering business specialising in aerospace equipment.
of Bournemouth Airport in Dorset
1947 Formation of Meggitt Engineering in Wimborne[1]
1964 Willson Lathes acquired Meggitt Engineering and changed its name to Willson-Meggitt Holdings.
1966 Stock market listing[2]
By 1967 was known as Meggitt Holdings, machine tool makers[3]
1968 Acquired Radalec Engineering of Co. Durham[4]
By 1973 was based in London[5]
1976 Acquired Hayward and Sons, machine tools[6]
1983 acquired by Nigel McCorkell and Ken Coates together with 3i Group in a management buy-in who indicated an intention to revitalise the company by acquisitions.
1985 Acquired defence and instrumentation business Negretti[7]
1985 Acquired Holsworthy Electronics, electronic components business[8]
1986 bought Bestobell, a larger defence, aviation and instrumentation engineering business; BTR supported the bid with 29 percent of the shares in Bestobell[9], which gave it a substantial holding in Meggitt.
1986 Acquired Whitcol Precision Engineering of Sandhurst[10]
1987 Acquired BAJ Holdings, a defence and aerospace company formed as the result of a management buyout from Vickers in 1985[11], and Serck Baker from BTR[12]
1987 The Negretti Aviation subsidiary won a contract to supply aircrew respirators to the US Marine Corps[13]
1988 Acquired Plastic Fabricating of Wichita, maker of composites, and Ragen Data Systems of Long Island, maker of aerospace instruments[14]; acquired Coltax Aerospace, an aircraft repair and overhaul company[15], Microsystems Group[16] and KDG Holdings, process control groups[17]
1988 The Aerospace and Defence Division, of Wimborne, included[18]:
- Armtec Industries
- Asdor Engineering
- Avica Equipment
- BAJ
- Bestobell Aviation
- Coltax Aerospace
- Evershed and Vignoles
- General Connectors Corporation
- Negretti Aviation
- Plastic Fab
- Ragen Data Systems
1989 Acquired Nacesa, a Spanish electronics components company, which was Europe's only maker of variable resistors[19]
1989 of the 4 divisions of the company, Aerospace was the largest; Controls and Instrumentation was also substantial[20]
Early 1990s - more than 20 non-core businesses were sold.
2004 Acquired the aircraft wheels and brakes business of the Dunlop Standard Aerospace Group for £793 million; the rest of the company (engine repair) was acquired by Carlyle Group[21].
2007 Meggitt acquired K. and F. Industries, the parent company of the Aircraft Braking Systems Corporation, for circa £930 million.
2011: Acquired Pacific Scientific Aerospace from Danaher including Securaplane Technologies Inc., OECO LLC, Artus and TFE Electronics.
2015: Acquired the advanced composites division of Cobham plc. Also acquired the composites division of EDAC, formerly known as Parkway Aerospace & Defense.
2017: Acquired Elite Aerospace.
2015 Turnover £1.6bn. Employs 12,000 persons worldwide with 3,000 in the UK.[22]
2020 Meggitt website - company history.
See Also
Sources of Information
- ↑ The Times, July 04, 2005
- ↑ The Times, July 04, 2005
- ↑ The Times, Jan 24, 1967
- ↑ The Times, Jul 31, 1968
- ↑ The Times, Jan 25, 1973
- ↑ The Times, Dec 03, 1976
- ↑ The Times, Jul 02, 1985
- ↑ The Times, Dec 07, 1985
- ↑ The Times, July 16, 1986
- ↑ The Times, October 06, 1986
- ↑ The Times, June 06, 1987
- ↑ The Times, July 31, 1987
- ↑ The Times, March 17, 1987
- ↑ The Times, May 06, 1988
- ↑ The Times, May 17, 1988
- ↑ The Times, September 02, 1988
- ↑ The Times, November 11, 1988
- ↑ The Times, September 05, 1988
- ↑ The Times, February 07, 1989
- ↑ The Times April 05, 1989
- ↑ The Times, July 06, 2004
- ↑ 2015 Annual Report p2
- [1] Wikipedia