Derby, UK, 24 July 2018: Gardner Aerospace, one of Europe’s largest suppliers of aerospace detailed parts and sub-assemblies, is announcing the acquisition of precision machined parts manufacturer, Northern Aerospace Ltd.
Nick Sanders, Executive Chairman, Gardner Aerospace, says: “Since our acquisition in 2017 by Chinese firm SLMR we have implemented a strategy of organic and acquisitive growth. The acquisition of Northern Aerospace, following approval by the Secretary of State for Business, Energy and Industrial Strategy and the CMA, brings a substantial “very large” machining capability to the Gardner product portfolio, providing us with a perfect opportunity to extend and complement the offerings of both businesses worldwide.
“The coming together of these two companies creates a business with revenues in excess of USD300m and moves us nicely along our path to becoming a global top-five aerospace detailed parts manufacturing company by 2022. The existing Northern Aerospace management team remains and will add considerable value as we look to grow even further into new geographical territories and product sectors.”
The expanded organisation will allow Gardner, an Airbus-declared long-term detailed parts supplier, to offer its customers a much broader product and service offering, permitting the company to further aggregate commodities and increase its capacity in making parts of various complexity and size in best cost locations and close to an increasing number of points of use.
This acquisition follows the announcement that Gardner is building a new 45,000sqm manufacturing facility in Chengdu, China. This factory will replicate the company’s European offering to the domestic Chinese aerospace market, ensuring high quality products for OEMs and Tier 1 design and build companies located in China and Asia-Pacific.
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About Gardner Aerospace
Gardner Aerospace is a leading international manufacturer of aerospace finished components, comprising simple to highly complex and small to very large machined and sheet metal fabricated detailed parts, with substantial speed shop, assembly and kitting capabilities. The company was acquired by Chinese firm Shaanxi Ligeance Mineral Resources (SLMR) in June 2017.
Gardner Aerospace serves key aerospace OEMs and Tier 1 suppliers including Airbus, Embraer, Gulfstream, Pilatus, Spirit, GKN, Stelia Aerospace, Ruag and Safran and employs more than 2,000 people worldwide. It is committed to manufacturing excellence, with 17 world-class facilities in the UK, France, Poland, India, and soon to come China, providing customers with the advantages of a high-quality and substantial internal low-cost supply chain through a single point of access.
With annual revenues now exceeding $300 million, the company is financially strong with excellent growth opportunities putting Gardner Aerospace in the enviable position to enter new geographic and product markets.