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Umeco plc, a leading international provider of value-added services, components and composite materials primarily to the aerospace & defence industry, announces that its Repair and Overhaul division subsidiary AEM Limited ("AEM") has acquired the entire share capital of Aeromedic from Mr Lawrence Harding, its founder and sole shareholder.
Aeromedic supplies, maintains and overhauls on-board medical kits and therapeutic oxygen equipment principally to airlines. The business is highly complementary to AEM's safety equipment business unit, which manufactures the oxygen equipment sold by Aeromedic.
Clive Snowdon, Chief Executive of Umeco plc, commented: "Aeromedic is a quality company that is a perfect fit with our existing safety business in the Repair and Overhaul division. It is well regarded by its customers in the airline industry and continues our strategic aim to expand that division. It further enhances our repair and overhaul offering following the acquisition of Aviation Windings in August."
For further information, please contact: UMECO plc Chief Executive Clive Snowdon on 01926 331800 or visit the Umeco website |