GKN to acquire Fokker Technologies for €706m

GKN, a UK headquartered global engineering group with over 50,000 people working in the aerospace, automotive and land systems markets, has agreed to acquire Fokker Technologies Group B.V from Arle Capital for an enterprise value of €706m (£499m). The acquisition of Fokker further enhances GKN’s position as a leading global supplier to the aerospace industry. The combination brings together two leading technology companies with broad product portfolios and established positions on major aircraft platforms. Fokker is a specialist Tier 1 supplier to the commercial, military and business jet markets. With almost 5,000 employees Fokker is headquartered in the Netherlands and has operations in Europe, North America and Asia. In the year ended December 31st, 2014, Fokker generated revenue of €758m. Fokker specialises in the design, development and production of lightweight aero structures, electrical wiring interconnection systems and landing gear. It also provides maintenance, modification and logistic services to aircraft owners and operators.