Difference between revisions of "Meggitt"
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1987 Acquired [[Bristol Aerojet|BAJ Holdings]], a defence and aerospace company formed as the result of a management buyout from [[Vickers]] in 1985<ref>The Times, June 06, 1987</ref>, and [[Serck Baker]] from BTR<ref>The Times, July 31, 1987</ref> | 1987 Acquired [[Bristol Aerojet|BAJ Holdings]], a defence and aerospace company formed as the result of a management buyout from [[Vickers]] in 1985<ref>The Times, June 06, 1987</ref>, and [[Serck Baker]] from BTR<ref>The Times, July 31, 1987</ref> | ||
1987 The Negretti Aviation subsidiary won a contract to supply aircrew respirators to the US Marine Corps<ref>The Times, March 17, 1987</ref> | 1987 The [[Negretti Aviation]] subsidiary won a contract to supply aircrew respirators to the US Marine Corps<ref>The Times, March 17, 1987</ref> | ||
1988 Acquired Plastic Fabricating of Wichita, maker of composites, and Ragen Data Systems of Long Island, maker of aerospace instruments<ref>The Times, May 06, 1988</ref>; acquired [[Coltax Aerospace]], an aircraft repair and overhaul company<ref>The Times, May 17, 1988</ref>, [[Microsystems Group]]<ref>The Times, September 02, 1988</ref> and [[KDG Holdings]], process control groups<ref>The Times, November 11, 1988</ref> | 1988 Acquired Plastic Fabricating of Wichita, maker of composites, and Ragen Data Systems of Long Island, maker of aerospace instruments<ref>The Times, May 06, 1988</ref>; acquired [[Coltax Aerospace]], an aircraft repair and overhaul company<ref>The Times, May 17, 1988</ref>, [[Microsystems Group]]<ref>The Times, September 02, 1988</ref> and [[KDG Holdings]], process control groups<ref>The Times, November 11, 1988</ref> | ||
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Early 1990s - more than 20 non-core businesses were sold. | Early 1990s - more than 20 non-core businesses were sold. | ||
1993 Meggitt concentrated its aviation businesses at its new premises in Fareham, Hants. Following problems with servicing MOD orders due to the move and the loss of key employees, the name of [[Negretti Aviation]] to Meggitt Avionics. | |||
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<ref>The Times, July 06, 2004</ref>. | 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<ref>The Times, July 06, 2004</ref>. | ||
Latest revision as of 10:22, 25 January 2021
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.
1993 Meggitt concentrated its aviation businesses at its new premises in Fareham, Hants. Following problems with servicing MOD orders due to the move and the loss of key employees, the name of Negretti Aviation to Meggitt Avionics.
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