News

Triumph Group, a US aircraft manufacturer, has agreed to acquire the Essex and Germany-based aviation business of Kongsberg Automotive for £18 million.

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Mid-market private equity house Dunedin has sold Fernau Avionics, a designer of navigational aids for aeroplanes, for £32 million.

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AMETEK, a global manufacturer of electric motors and electronic instruments, has acquired UK-based Muirhead Aerospace, a manufacturer of motion technology products for the aerospace and defense markets.

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A runway lighting company with revenues of more than £20 million a year has been created after ATG Airports bought one of its rivals.

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Suffolk-based entrepreneur Graeme Kalbraier has established an unusual spin-off from his insurance call handling company Call Connection – an aircraft charter business.

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David Lenigas, entrepreneurial boss of Lonrho Africa, says the emerging conglomerate plans an AIM float in the New Year for Norse Air, the African air charter and leasing company where Lonrho has bought a 43 per cent controlling stake for £3.15 million.