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Onex to Acquire Survitec Group for $680 million (GBP 450 million): -Global Leader in Survival Technology-

Jan 12, 2015 - Marketwired
Mergers and Acquisitions

All amounts in U.S. dollars unless otherwise stated

Onex Corporation ("Onex") (TSX:OCX) announced it has agreed to acquire Survitec Group Limited ("Survitec") for $680 million (GBP 450 million). The transaction is anticipated to close in the first quarter of 2015, subject to customary conditions and regulatory approvals.

Based in Southampton, UK, Survitec is a market-leading provider of mission-critical marine, defence and aerospace survival equipment. Survitec's key products includ...