GKN acquires Pilkington Aerospace for £42 million

GKN announced today that it has acquired Pilkington Aerospace, a supplier of canopies and windows to the military and civil aircraft market, for £42 million.

GKN plc announced today that it has acquired Pilkington Aerospace, a supplier of canopies and windows (transparencies) for the military and civil aircraft market. Pilkington Aerospace will be integrated with GKN’s existing transparency operations.

Pilkington Aerospace is being acquired for a cash consideration of $67.5 million (£42 million). It employs 540 people on its two principal sites in California in the US and the West Midlands in the UK. It also has two smaller operations in Brazil and Thailand. GKN currently employs 280 people at its transparencies facility in Bedfordshire in the UK.

Pilkington Aerospace is said to have a global reputation in the technologies required to produce advanced transparencies in both plastics and glass. It supplies the transparencies for military aircraft programmes such as the FA-18 and C-17 and has a contract to develop and supply transparencies for the F-35 Joint Strike Fighter.

Pilkington also supplies transparencies to all Boeing civil aircraft and regional and business jet manufacturers including Embraer, Lear and Cessna.

GKN already supplies transparencies for the Eurofighter Typhoon and has contracts to develop and supply transparencies for the FA-22 Raptor and the F-16 Falcon.

The transaction is conditional on regulatory approvals.

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