4 May 2004
AA Richmond today announced the completion of the acquisition of specialist aero-engine component manufacturer, Dynamic Gunver Technologies (DGT) of the US, for a cash sum of US $102 million (60m). This follows approval from the EU and US regulatory bodies.
Commenting on the purchase, AA Richmond chief executive Keith Butler-Wheelhouse said: "This acquisition continues AA Richmond strategy of growth in our major markets. We continue to seek excellent opportunities to strengthen our presence through investing in new technology and new business."
ENDS
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