Advent International to Acquire UK-Based Defence Supplier Cobham for £4 Billion

The U.S. private equity firm, Advent International has agreed to acquire the UK-based aerospace and defence supplier Cobham Plc in a £4 billion ($4.99 billion) cash deal.

According to reports, Cobham’s shareholders will receive 165p for each of their shares – 34% more than the company’s closing share price on Wednesday. The shares rose 35% to 166p after the takeover was announced.

Cobham employs about 10,000 people and operates in more than 100 countries. The company is organised into four sectors:

+ Mission Systems division – aerial refueling technologies.
+ Advanced Electronic Solutions division – radar, communication and electronic warfare systems.
+ Communications and Connectivity division – satellite, radio, and wireless mobile connectivity products.
+ Aviation Services division – aviation services including Search & Rescue and Flight training to military and civilian customers. At the UK’s Defence Helicopter Flying School, it trains all UK helicopter pilots for British Armed Forces.



%d bloggers like this: