Meggitt Buys Precision Engine Controls for $44.2 Million
06 Janeiro 2015 - 5:56AM
Dow Jones News
LONDON--Meggitt PLC (MGGT.LN) said Tuesday it has bought
Precision Engine Controls Corporation from United Technologies
Corporation (UTX) for $44.2 million in cash, funded from existing
resources.
Precision Engine Controls is a supplier of actuation systems and
fuel metering valves to manufacturers of small-frame gas turbines
used predominantly in the oil and gas and power generation
industries.
The international engineering group specializing in aerospace,
defense and energy markets expects the deal to be immediately
accretive to underlying earnings per share.
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