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Senior plc provided an update on its acquisition of substantially all assets of Spencer Aerospace Manufacturing, LLC on 16 September 2022. The expected completion date for the acquisition has shifted from Q3 2022 to around the end of the current calendar year, pending final regulatory approval. Closing conditions are reported to be progressing satisfactorily.
| Date | 16 Sept 2022 |
| Time | 07:00:03 |
| Category | Acquisitions and alliances |
| ID | 6776Z |
Spencer Aerospace Acquisition Update
Further to the announcement made on 9 June 2022 in relation to the acquisition by Senior plc ("Senior") of substantially all of the assets of Spencer Aerospace Manufacturing, LLC ("Spencer Aerospace" or "the Company") (the "Acquisition") which indicated an expected completion date for the Acquisition in Q3 2022, the Company can report that closing conditions are progressing satisfactorily. However, final regulatory approval is now likely to be received around the end of the current calendar year, at which point Senior and Spencer Aerospace expect the acquisition to complete.
Further information
|
Bindi Foyle |
Group Finance Director, Senior plc |
+44 (0) 1923 714 725 |
|
Gulshen Patel |
Director of Investor Relations, Senior plc |
+44 (0) 1923 714 722 |
|
Richard Webster-Smith |
Finsbury Glover Hering |
+44 (0) 7796 708 551 |
About Senior
Senior is an international manufacturing group with operations in 12 countries. It is listed on the main market of the London Stock Exchange (symbol SNR). Senior designs and manufactures high technology components and systems for the principal original equipment producers in the worldwide aerospace & defence, land vehicle and power & energy markets. Further information on Senior plc may be found at: www.seniorplc.com
About Senior Aerospace
Senior Aerospace provides high technology products and systems for demanding applications in aerospace & defence and adjacent markets. Our product portfolio spans a wide range of fluid conveyance and thermal management components and sub-systems, as well as complex structural parts and assemblies, for fixed-wing and rotary aircraft, aero-engines, spacecraft and a variety of other industrial applications. With a global footprint, Senior Aerospace manufactures proprietary designed and build-to-print products for customers around the world that meet today's challenges and is actively engaged in developing products and capabilities for a low carbon sustainable future.
About Spencer Aerospace
Spencer Aerospace is an industry leader in high-precision hydraulic fluid fittings for use in commercial and military aerospace applications. The company specializes in source controlled, standard and proprietary fittings and offers a range of engineering, manufacturing, design and testing capabilities.