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GKN completes acquisition of Fokker Technologies

News International-French

5 Nov 2015

Following the satisfaction of regulatory and legal conditions, GKN Aerospace’s acquisition of Fokker Technologies, announced in July, has now completed.

This acquisition aims to:
- Expand range of capabilities to offer enhanced composite, advanced metallic and electrical wiring product portfolio
- Increase ability to meet customer weight and cost requirements with innovative technologies
- Expand global footprint, particularly in Asia, to meet increased customer needs
- Create stronger, more flexible partner to aerospace industry

The combining of Fokker Technologies with GKN Aerospace establishes a business with the widest range of capabilities in composite and advanced metallic products, and strong competencies in wiring systems and landing gear, both potential growth areas as the need to meet ever more stringent environmental targets increases demand for innovative, integrated, lighter structures. Fokker also brings a leading global brand in after market services to the combination.

The combined business has sales of over GBP 2.8bn and employs around 17,000 people in 61 locations across the globe. Fokker Technologies, under the current leadership, is a new division within GKN Aerospace, headquartered in The Netherlands. Its brand will continue to promote its strong heritage of technology and customer service.

The integration of Fokker Technologies is expected to continue throughout Q4 2015 combining best practices of both organisations.

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