GKN Aerospace strengthens its portfolio via Swedish aero engine specialist buy
GKN Aerospace has sought for years to join forces with Volvo Aero. With the contract finally signed, GKN is emerging as a stronger supplier for engine manufacturers. GKN's buy of Volvo Aero for $987 million ended months of speculation over the future of the Swedish aerospace company. Among others, MTU Aero Engines and financial investor Carlyle Group had been interested in Volvo Aero at one point. “This is a highly attractive acquisition for GKN creating a market leader in aero ...
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