Meggitt
Encyclopedia
Meggitt PLC is a leading British
-based engineering
business specialising in aerospace
equipment. It has its headquarters at Bournemouth Airport
in Dorset
. It is listed on the London Stock Exchange
and is a constituent of the FTSE 100 Index
.
business based in Halifax
known as Willson Lathes. It went public in 1947 and in 1964 acquired an engineering business in Dorset
known as Meggitt. The Company subsequently changed its name from Willson Lathes to Meggitt Holdings. In 1983 it was acquired by Nigel McCorkell and Ken Coates together with 3i Group in a management buy-in
. In 1986 it bought Bestobell, another large engineering
business.
In 2004 it acquired the design and manufacturing division of the Dunlop Standard Aerospace Group
for circa £700 million. In 2007 Meggitt acquired K&F Industries, the parent company of the Aircraft Braking Systems Corporation, for circa £930 million.
Aerospace Equipment
Defence Systems
Sensing Systems
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
-based engineering
Engineering
Engineering is the discipline, art, skill and profession of acquiring and applying scientific, mathematical, economic, social, and practical knowledge, in order to design and build structures, machines, devices, systems, materials and processes that safely realize improvements to the lives of...
business specialising in aerospace
Aerospace
Aerospace comprises the atmosphere of Earth and surrounding space. Typically the term is used to refer to the industry that researches, designs, manufactures, operates, and maintains vehicles moving through air and space...
equipment. It has its headquarters at Bournemouth Airport
Bournemouth Airport
Bournemouth Airport is an airport located north-northeast of Bournemouth, in southern England...
in Dorset
Dorset
Dorset , is a county in South West England on the English Channel coast. The county town is Dorchester which is situated in the south. The Hampshire towns of Bournemouth and Christchurch joined the county with the reorganisation of local government in 1974...
. It is listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
and is a constituent of the FTSE 100 Index
FTSE 100 Index
The FTSE 100 Index, also called FTSE 100, FTSE, or, informally, the footsie , is a share index of the 100 most highly capitalised UK companies listed on the London Stock Exchange....
.
History
The Company was established in the 1940s as a machine toolMachine tool
A machine tool is a machine, typically powered other than by human muscle , used to make manufactured parts in various ways that include cutting or certain other kinds of deformation...
business based in Halifax
Halifax, West Yorkshire
Halifax is a minster town, within the Metropolitan Borough of Calderdale in West Yorkshire, England. It has an urban area population of 82,056 in the 2001 Census. It is well-known as a centre of England's woollen manufacture from the 15th century onward, originally dealing through the Halifax Piece...
known as Willson Lathes. It went public in 1947 and in 1964 acquired an engineering business in Dorset
Dorset
Dorset , is a county in South West England on the English Channel coast. The county town is Dorchester which is situated in the south. The Hampshire towns of Bournemouth and Christchurch joined the county with the reorganisation of local government in 1974...
known as Meggitt. The Company subsequently changed its name from Willson Lathes to Meggitt Holdings. In 1983 it was acquired by Nigel McCorkell and Ken Coates together with 3i Group in a management buy-in
Management buy-in
A management buy-in occurs when a manager or a management team from outside the company raises the necessary finance, buys it, and becomes the company's new management. A management buy-in team often competes with other purchasers in the search for a suitable business...
. In 1986 it bought Bestobell, another large engineering
Engineering
Engineering is the discipline, art, skill and profession of acquiring and applying scientific, mathematical, economic, social, and practical knowledge, in order to design and build structures, machines, devices, systems, materials and processes that safely realize improvements to the lives of...
business.
In 2004 it acquired the design and manufacturing division of the Dunlop Standard Aerospace Group
Dunlop Standard Aerospace Group
Dunlop Standard Aerospace Group Ltd was formed in 1998 from the assets of BTR Aerospace Group when they were purchased by Doughty Hanson & Co.In 2004 the company was sold and split into two...
for circa £700 million. In 2007 Meggitt acquired K&F Industries, the parent company of the Aircraft Braking Systems Corporation, for circa £930 million.
Operations
The Group is organised as follows::Aerospace Equipment
- Aircraft Braking Systems
- Polymer Solutions
- Fluid Controls - Airdynamics / Dunlop Equipment / Fuelling Products / Serck Aviation / Whittaker Controls
- Heatric
- Thermal Systems - Keith Products / Stewart Warner South Wind
- Safety Systems
- Meggitt (Xiamen) Sensors & Controls
- Pacific Scientific OECO
Defence Systems
- Training Systems Inc
- Defence Systems
- Training Systems Canada
- Defence Systems Inc
Sensing Systems
- Endevco
- Ferroperm Piezoceramics
- Insensor
- Meggitt (Xiamen) Sensors & Controls
- Avionics
- PIHER
- Sensorex
- Vibro-meter (CH, UK, US and France)
- Wilcoxon Research