News Listings for Fort Wayne International

  • Mergers

    News | 08 May 2000 23:00

    The Chelton subsidiary of the UK's Cobham Group has expanded its avionics business, completing the acquisition of BAE Systems' radome division - renaming it Chelton Radomes - for £5 million ($7.8 million), making it Europe's biggest radome specialist. It has also bought search and rescue specialist Halleria of South Africa for £400,000. Cobham has, meanwhile, completed the purchase of Australian specialist flight operations business NJS, while its Flight Refuelling unit has sold ML Lifeguard Equipment to Wardle Storeys for £2.7 million. Lufthansa Commercial Holding has taken a 10% stake in wholesale air cargo Internet marketplace Global Freight Exchange, which launched in 1998. Russia's Kaskol Group has taken a 16% stake in outsize cargo specialist Volga-Dnepr, buying 10% from the Ukrainian property fund and the rest from Russian investors. Defence electronics group EDO's Acquisition III subsidiary has merged with AIL Technologies, a niche electronics specialist, creating an integrhttp://www.flightglobal.com/news/articles/Mergers-65347/