UK aerostructures specialist GKN has been given the green light to acquire Sweden’s Volvo Aero, the aero-engine division of Volvo AB.
UK aerostructures specialist GKN has been given the green light to acquire Sweden’s Volvo Aero, the aero-engine division of Volvo AB. GKN announced its plan to acquire rival firm Volvo Aero in July (ATW Daily News, July 13). Over the last few months, the European Commission has been scrutinizing the billion dollar deal. The two companies produce aero-engine components, including fan cases and turbine exhaust cases, and the Commission was concerned that the deal could limit ...
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