DEAL IN BRIEF
EnCore Composites Holdings, Inc. has entered into an agreement to acquire the Composite Structures business of BAE Systems plc, a UK-based provider of advanced electronics, security and information technology solutions.
The Composite Structures business designs and manufactures composite components and assemblies that are primarily used on commercial and defence aerospace platforms.
The transaction is expected to close during the second or third quarter of 2011.
Deal Type: Asset Transaction
Deal Status: Announced
Expected Completion date: 30/09/2011
Announced date: 24/05/2011
Vendor Company: BAE Systems plc
Acquirer Company: EnCore Composites Holdings, Inc.
Deal Rationale: The acquisition is part of BAE's plan to better align its strategic objectives and business portfolio.
Deal Rationale Type: Operational Synergy.
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