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Disposal of Precision Micro

04/25/2018

Meggitt PLC, a leading international company specialising in high performance components and sub-systems for the aerospace, defence and energy markets, has announced that it has sold Precision Micro, specialists in production photo etching for the automotive and medical sectors, to LDC, the private equity arm of Lloyds Banking Group for £22.5 million in cash. During the year to 31 December 2017, Precision Micro generated £15 million revenue. 

This transaction is consistent with Meggitt’s strategy to focus on businesses of scale in attractive markets where our leading positions offer greater potential for growth and operational efficiencies. 


Headquartered in the United Kingdom, this international group operates in North America, Europe and Asia. Known for its specialised extreme environment engineering, Meggitt is a world leader in aerospace, defence and energy. Meggitt employs more than 11,000 people at over 40 manufacturing facilities and regional offices worldwide. 

Date: 
04/25/2018
Companies & Organizations: Meggitt Plc
Defense Products & Services Sectors: 
Sources of Information:  Meggitt Plc

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