On Monday 11 April, the European Commission approved the proposed acquisition of Meggitt by Parker. The authorisation is subject to full compliance with the commitments offered by Parker.
Parker (USA) and Meggitt (UK) are the world’s leading suppliers of aerospace components, with extensive product portfolios. They compete, among other things, in the design, manufacture and supply of aircraft wheels and brakes and aerospace air valves.
The investigation revealed that the transaction would...