Member Article

Lancashire’s Meggitt PLC acquires US firm

Lancashire-registered Meggitt plc, an international engineering group specialising in aerospace, defence and energy markets, has acquired Precision Engine Controls Corporation (PECC) for $44.2 million.

PECC is headquartered in San Diego, California and employs 78 people.

The company will be integrated into the Meggitt Control Systems division.

Chief executive of Meggitt, Stephen Young, said: “The acquisition of PECC is a key step in broadening our industrial valve capability.

“The very strong product and customer portfolio and the exceptional calibre of the employee base make the business a great fit with Meggitt.”

This was posted in Bdaily's Members' News section by Sophia Taha .