Engines
Volvo Aero Delivers a Boost to GKN’s Engine Business
Increased activity in fan blade production is just one example of the way GKN’s acquisition of Volvo Aero has bolstered its engine structures business. (Photo: GKN)
Increased activity in fan blade production is just one example of the way GKN’s acquisition of Volvo Aero has bolstered its engine structures business. (Photo: GKN)

GKN Aerospace’s acquisition of Volvo Aero is starting to bear fruit, giving the UK-based aerostructures group a significant boost in this growing market segment. This year, the addition of the Sweden-based engine systems manufacturer is expected to boost total revenues from GKN’s aerospace division by approximately $700 million, to $3.5 billion. Assuming GE’s planned acquisition of Italy’s Avio goes through, GKN is set to become the world number two in the engine systems market. Recent research by the Teal group has indicated that this sector is set to grow in value by 15 percent over the next five years, largely driven by increasing production rates of airliners and large business jets.