Triumph Group acquires Saygrove
Pennsylvania-based Triumph Group Inc – one of the world’s largest producers of aircraft components and accessories, and listed on the NYSE – acquired Saygrove Defence & Aerospace Group, Ltd, a provider of motion control and actuation products to the aerospace and defence industries. BCMS advised the shareholders of Saygrove on the transaction.
Saygrove, located in Buckley, Flintshire, designs and builds proprietary advanced control products for flight actuation and motor control applications in all-electric aircraft and Unmanned Aerial Vehicles (UAVs). Its product range includes all-electric solutions, fully integrated electro-mechanical systems, multi-channel electronic controllers, motor/gearbox combinations, and a wide range of sensors. Following the transaction, Saygrove became known as Triumph Actuation & Motion Control Systems-UK Ltd.
This transaction is a good example of the appeal of specialist UK businesses to major international players. BCMS received a number of approaches from interested parties across the world.
At the time of the transaction in 2009, Triumph’s President and Chief Executive Officer said: “We view this acquisition as a unique opportunity to expand our capabilities because it represents the next generation of electronic controls for actuation and motor control. We believe that Saygrove’s products and technologies allow for significant advancements in the type of work that we can pursue and positions us well for future growth.”