Loading
1-Jul-2020 8:01 PM

Meggitt sells US subsidiary Meggitt Training Systems for USD146m

Meggitt announced (01-Jul-2020) the sale of its US subsidiary Meggitt Training Systems to Pine Island Capital Partners LLC for cash consideration of USD146 million. The transaction is consistent with the company's strategy to focus on businesses of scale in markets where it offers greater potential for growth and operational efficiencies, with proceeds to go towards general corporate purposes and strengthening liquidity. [more - original PR]

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More