19th February 2001
BBA Group PLC Completes Acquisition and Alliance Agreements with Gulfstream Aerospace Corporation
BBA Group PLC announced today the completion of its acquisition and alliance agreements with Gulfstream Aerospace Corporation for the net consideration of $43million, paid in cash by BBA. The transactions were completed following regulatory approval and change of control consents.
The sale of the RMC airframe and avionics service business to Gulfstream, the acquisition of Gulfstream's engine overhaul and repair business, and the strategic marketing and product support agreement were completed on the terms announced on 16 January, 2001.
ENQUIRIES:
Roy McGlone, Deputy Chief Executive, BBA Group PLC, 020 7842 4900
Susan Gilchrist/Nigel Prideaux, Brunswick, 020 7404 5959
2004 Preliminary Results Presentation, 23rd February 2005