ST Engineering acquires MRA Systems

Darren Wood
By Darren Wood April 18, 2019 12:44

ST Engineering acquires MRA Systems

Singapore Technologies Engineering (ST Engineering) has completed the transaction of MRA Systems for  $506m in cash.

MRA Systems is now an indirect wholly-owned subsidiary of ST Engineering, whose aerospace capabilities now include the original equipment manufacturer business of high-value nacelle systems and replacement parts.

Regarding the transaction the company believes it has “greatly boosted its network of facilities in the US to support regional and global customers.”

Darren Wood
By Darren Wood April 18, 2019 12:44