Deals
GKN Buys Fokker for $776 Million to Become Aerostructures No. 2
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GKN Plc’s purchase of Fokker Technologies Group BV will make it the world’s No. 2 supplier of fuselage and wing parts, with leading positions on planes spanning the Airbus Group SE A350 to Lockheed Martin Corp.’s F-35 fighter.
The 706 million-euro ($776 million) deal announced Tuesday puts the U.K. company ahead of Triumph Group Inc. and behind only Spirit AeroSystems Holdings Inc. in the manufacture of aerostructures, as the lightweight components are known.