Engines
GKN Acquires Volvo Aero To Create Engine Components Giant

GKN Aerospace is set to create a $1.4 billion engine components business when it completes its acquisition of Volvo Aero, announced last week. The UK-based group is to pay approximately $981 million for Volvo Aero, which already supplies components for all major aircraft engine manufacturers.

According to GKN Aerospace CEO Marcus Bryson, Volvo’s strength in designing, engineering and manufacturing metallic components for engines will complement GKN’s expertise in making composite structures. “We see this as a real strategic asset because they have a very high level of engineering capability in aero engines, partly due to their role in developing the Saab Gripen engine,” he told AIN. “We have had very strong feedback from Volvo’s customers.”

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