GKN acquires Fokker Technologies for €706 million
29 July 2015
UK engineering giant, GKN has acquired the Netherlands based specialist tier one aerospace supplier, Fokker Technologies Group from Arle Capital for €706 million.
“Fokker is an excellent strategic and cultural fit which supports our growth strategy," said GKN chief executive, Nigel Stein. "It strengthens GKN Aerospace’s market leadership, manufacturing footprint and technology. This transaction will increase our shipset value on key growth programmes in both the commercial and military markets including Fokker’s complementary positions on the A350 and the F-35.
"Fokker’s sizeable China operations also help boost GKN Aerospace’s activity in this important region. Fokker is a great business with a strong brand and has significant technology heritage. We believe that it will benefit from GKN’s operational focus and long-term approach.”
Fokker is a leader in advanced composites, including thermoplastics and GLARE (glass-reinforced aluminium laminates) that will complement GKN’s own composite capability. Fokker also has strong electrical wiring technology, based on proprietary systems, which adds a new
technology field to GKN Aerospace.