Melrose Industries Plc (LON:MRO) announced today that it has agreed to sell Walterscheid Powertrain Group, (previously known as GKN Off Highway Powertrain), a leading provider of original equipment and aftermarket parts and services for off-highway powertrain applications to One Equity Partners a US-based private equity firm. In addition, Melrose announces that its subsidiary, Fokker Aerospace B.V, has completed the sale of its minority 43.57% interest in Société Anonyme Belge de Constructions Aéronautiques (SABCA), which manufactures components for aircraft and space launchers, to SABCA’s majority shareholder, Dassault Belgique Aviation S.A. The sale of Walterscheid is subject to the customary regulatory conditions and is expected to complete in the first half of this year. The combined net proceeds of the sales are approximately £200 million.
Melrose Industries Plc Sundry Disposals
- Written by: Charlotte Edwards
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Melrose has announced that Chief Financial Officer Matthew Gregory will retire in 2026, with Ross McCluskey set to take over as CFO and join the Board in May 2026.
Melrose Industries reported 14% revenue growth for the four months to 31 October 2025, driven by a 28% rise in Engines and 5% growth in Structures.
Melrose Industries has appointed aerospace industry veteran Guy Hachey to its Board as Non-executive Director. Hachey brings over 30 years of leadership experience from Bombardier Aerospace, Delphi, and Advent International, and currently serves as a director at Hexcel Corporation.
Melrose Industries Plc has appointed Alison Goligher as Non-executive Director and Chair of the Remuneration Committee, bringing extensive leadership experience to the board.
Melrose Industries PLC (LON:MRO) reports a 7% revenue increase for July-October 2024, driven by strong aftermarket engine sales amid supply chain challenges.
