Onex acquire Survitec $680 million

Onex to acquire Survitec for $680 million

11:31 AM, 12th January 2015
Onex to acquire Survitec for $680 million

LONDON, UK: Onex Corporation has agreed to acquire Survitec Group Limited for $680 million (£450 million). The transaction is anticipated to close in the first quarter of 2015, subject to customary conditions and regulatory approvals.

“Survitec is a pioneer in the survival technology industry, evidenced by its strong relationships with blue chip customers in the marine and aerospace segments, as well as defence departments around the world. We look forward to working with the management team, led by Brian Stringer, to continue to build on the company’s leadership position through continued service line expansion and strategic acquisitions,” said Tony Morgan, Managing Director, Onex’ London office.

 

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