GKN Aerospace's (Redditch, UK) acquisition of Fokker Technologies (Papendrecht, The Netherlands) is now complete.
The combining of Fokker Technologies with GKN Aerospace establishes a business with a wide range of capabilities in composite and advanced metallic products, and strong competencies in wiring systems and landing gear.
“The addition of Fokker Technologies to GKN Aerospace strengthens our core aerostructures business, increases our exposure to key growth platforms, expands our global manufacturing footprint and broadens the innovative technological offerings we can provide to our customers,” said Kevin Cummings, CEO of GKN Aerospace.
The combined business has sales of more than £2.8 billion ($4.3 billion) 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.
“Joining GKN Aerospace is an exciting opportunity for Fokker Technologies and provides us an enhanced framework to expand our technologies and develop our products to meet the challenges of a very competitive, global marketplace,” said Hans Büthker, CEO of Fokker Technologies. "The partnerships we have established with customers, government and knowledge institutes can only benefit from being associated with a strong, long established company like GKN Aerospace with their technology driven culture.”