Cobham plc - Divestment of Metelics Business for US$38m

Released : 15.12.2015

RNS Number : 0363J
Cobham plc
15 December 2015
 



15 December 2015            

 

Divestment of Metelics Business for US$38m

 

Cobham today announces that it has completed the divestment of its Metelics business to M/A-COM Technology Solutions Inc. for US$38m in cash.

 

Metelics was part of Cobham's Advanced Electronic Solutions Sector, having been acquired as part of the September 2014 Aeroflex acquisition.

 

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ENQUIRIES

 

Cobham plc


Julian Wais, Director of Investor Relations

                               +44 (0)1202 857998



Brunswick


Michael Harrison/Charles Pemberton

                              +44 (0)20 7404 5959

 

NOTES

 

1.  Cobham protects lives and livelihoods with its differentiated technology and know-how.  The Group offers an innovative range of technologies and services to solve challenging problems across commercial, defence and security markets, from deep space to the depths of the ocean.  It has market leading positions in air-to-air refueling; aviation services; wireless; audio, video and data communications, including satellite communications; defence electronics; life support and mission equipment.

 

 


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