Meggitt acquires Precision Micro for undisclosed sum

Meggitt has acquired specialist component manufacturer Precision Micro for an undisclosed sum.

Precision Micro, based in Erdington, Birmingham, manufactures specialist metal components for technology-focused organisations in a range of sectors, including aerospace, automotive and energy. The company has annual sales of around £13m and a blue-chip customer base.

Meggitt, an existing customer of Precision Micro, specialises in extreme-environment components and smart subsystems for the civil aerospace, military and energy markets.

Mid-market corporate finance house Clearwater advised the shareholders of Precision Micro in the deal and a team from the Birmingham offices of Eversheds provided legal advice.