Senior plc acquisition of Ketema Aerospace and Electronics Division of Ketema, Inc.
Client and Buyer: Senior plc
Senior PLC produces technology components and systems for original equipment manufacturers in aerospace, defense, land vehicle, and energy markets. The international company is divided into two divisions: aerospace and flexonics. Senior plc is a public company with shares traded on the London Stock Exchange (SNR.L)
Seller: Ketema, Inc.
Based in El Cajon CA, Ketema is a leading provider of components for aircraft and turbine engine builders, as well as precision integrated manufacturing for space, marine and ground-based applications.
In 1997, Senior plc purchased the company and renamed it Senior Flexonics (Senior plc. holding company), Ketema Division. In 2002 Senior plc reorganized its worldwide holdings into three manufacturing groups: Aerospace, Automotive and Flexonics. The company was placed under the Aerospace Group and became known as Senior Aerospace Ketema.
Broker/Dealer: Not Applicable (pre-FINRA regulation)
Completion: January 1997