ThyssenKrupp Services purchases Apollo Metals Group

Duesseldorf-based ThyssenKrupp Services AG is expanding its aerospace materials services activities by acquiring a 100-percent stake in the UK-based company Apollo Metals Group, which includes Aviation Metals for an undisclosed fee from Murray International Holdings, UK. Apollo provides high-grade products such as aluminium, stainless steel and non ferrous metals with value-adding processing services predominantly for aerospace manufacturers and their supply chains.
The acquisition is subject to the approval of the Supervisory Boards and the Competition Authorities. It is anticipated that the transaction will be completed before the end of this year.
The acquisition will combine Apollo's largely European and Far Eastern businesses with ThyssenKrupp Services' largely USA based operations to form a global enterprise with 30 locations in 13 countries and a turnover in excess of $700m. Apollo's CEO Stuart Wilkins is appointed President of the new division, which will be called ThyssenKrupp Aerospace.
Apollo was a public company from 1988 until 2000. It was acquired by the Murray Group in 2004 since when its growth has been dynamic. In the last 3 years it has opened facilities in China and India and expanded its operations in the UK, Australia and continental Europe.
28/11/07 Epicos.com (press release), Switzerland

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Categories: Foreign Nov 2007, General Aviation Nov 2007