GKN shareholders vote to accept Melrose takeover

News
April 3, 2018

April 3, 2018

GKN shareholders vote to accept Melrose takeover

PM parts produced by GKN (Courtesy GKN plc)

 

Melrose Industries plc has succeeded in its takeover of GKN plc after receiving the support of GKN’s shareholders. The deal values GKN at £8.1 billion, and in an announcement published on March 29, Melrose stated it had received 52.4% of the vote.

“We are delighted and grateful to have received support from GKN shareholders for our plan to create a UK industrial powerhouse with a market capitalisation of over £10 billion and a tremendous future,” stated Christopher Miller, Chairman of Melrose. “We are looking forward to working with GKN’s talented workforce and to delivering for customers and all stakeholders. Melrose has made commitments as to investment in R&D, skills and people and we are very excited about putting these into action.”

Following an initial proposal from Melrose to acquire GKN in January 2018, both companies had launched campaigns to convince GKN shareholders of their respective plans for the group, with both parties looking to sell the Powder Metallurgy business.

“Let me assure you that GKN is entering into very good hands,” added Miller. “We would like to thank our shareholders for their continued support of the Melrose strategy thus far. We are full of enthusiasm as we begin this next stage of the Melrose story and look forward to creating substantial value for our shareholders, old and new.”

www.gkn.com

www.melroseplc.net

News
April 3, 2018

In the latest issue of PIM International…

Download PDF

Extensive MIM, CIM industry and sinter-based AM industry news, plus the following exclusive deep-dive articles and reports:

  • INMATEC Technologies: Celebrating 25 years as a driving force behind Ceramic Injection Moulding
  • A year of change: Turbulence in China’s MIM industry as markets evolve
  • Ceramic Injection Moulding: The impact of variotherm and conformal cooling technology on part quality and process capability
  • The Additive Manufacturing of multi-material and multi-functional ceramic components

The latest news from the MIM, CIM and sinter-based AM industries

Don't miss any new issue of PIM International, and stay up to date with the latest industry news. Sign up to our fortnightly newsletter.

Sign up

Join our community

Discover our magazine archive…

The free-to-access PIM International magazine archive offers unparalleled insight into the world of MIM, CIM and sinter-based AM from a commercial and technological perspective through:

  • Reports on visits to leading part manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

 

Browse the archive

 

Looking for suppliers of materials, production equipment and finished MIM, CIM or sinter-based AM parts?

Discover suppliers of these and more in our advertisers’ index and buyer’s guide, available in the back of PIM International.

  • Metal powders
  • MIM, CIM & AM parts producers
  • Binders & feedstocks
  • Feedstock mixers
  • Furnaces & furnace supplies
  • Atmospheres & gas generation
  • HIP systems & services
  • Injection moulding machines
  • AM technology
  • Debinding systems
View online
Share via
Copy link
Powered by Social Snap