ZODIAC AEROSPACE : completes the acquisition of Contour Aerospace
01/19/2012| 01:05am US/Eastern
Zodiac Aerospace completes the acquisition of Contour Aerospace
Plaisir, January 19, 2012 - Zodiac Aerospace has completed the acquisition of Contour Aerospace Ltd from PAIG Investments Limited, an investment vehicle controlled by the RBS Special Opportunities Fund.
With facilities in Cwmbran and Camberley in the UK, Contour Aerospace employs around 1,300 people and reported revenue of approximately £130 million in 2010.
This acquisition will enable Zodiac Aerospace to strengthen its seats product range, in particular in the business class and first class seating segments.
The consolidation of Contour Aerospace is expected to have an accretive impact on Zodiac Aerospace net result for the FY2011/2012:
Zodiac Aerospace is a world leader in aerospace equipment and systems for commercial, regional and business aircraft, as well as helicopters and space applications. Zodiac Aerospace employs 23,000 people worldwide, and generated revenue of ?2.75 billion in 2010/2011 from its three business segments of Aerosafety & Technology, Aircraft Systems and Cabin Interiors.
| Next meetings:|| Q2 and H1 revenue || March 14, 2012 (after stock exchange closing)|
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#_ftnref1 Excluding potential IFRS 3 impact, being currently evaluated
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Source: Zodiac Aerospace via Thomson Reuters ONE