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.

 

Transaction Details:

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