ST Engineering nacelles deal

ST Engineering has been given approval by regulators in the United States to acquire GE Aviation’s nacelle unit. The Singapore group said in a statement on April 14 that the acquisition of Middle River Aircraft Systems (MRAS) will close in the week beginning April 15. The deal, worth an estimated net price of $440 million, will see ST Engineering’s US subsidiary, Vision Technologies Aerospace, acquire all the shares of Baltimore, Md.-based MRAS.MRAS is the sole supplier of certain nacelle equipment for GE engines powering the Airbus A330, Boeing 747-8, 767, Comac ARJ21 and Embraer 190. It specializes in the development, production and aftermarket support of nacelles, thrust reversers and aerostructures and employs around 800 staff. (Sources: Flightglobal, Singapore Business Review, 04/15/19, Aerospace Technology, 04/16/19) Gulf Coast note: ST Engineering has maintenance, repair and overhaul operations in Mobile, Ala., and Pensacola, Fla. It also owns VT Halter Marine shipyard in Pascagoula, Miss.