Shaanxi Ligeance Mineral Resources £326 million acquisition of Gardner Aerospace

Overview:

• Shaanxi Ligeance Mineral Resources (SLMR), a Chinese industrial group, has acquired Gardner Aerospace for £326 million.
• Gardner Aerospace is a UK aerospace components manufacturer and one of Airbus' main suppliers.
• SLMR was primarily focused on the mining sector, but it has recently established a division for aerospace manufacturing.

Katrin Kostadinova - Data analyst