Arcline completes acquisition of Kaman
American aerospace company Kaman has announced the completion of its acquisition by Arcline in a transaction valued at $1.8 billion.
The transaction was previously announced on January 19, 2024, and…
American aerospace company Kaman has announced the completion of its acquisition by Arcline in a transaction valued at $1.8 billion.
The transaction was previously announced on January 19, 2024, and was approved by Kaman shareholders on April 17, 2024.
“We are thrilled to announce the completion of this value-maximizing transaction with Arcline and are proud to have delivered an outcome that is in the best interest of our shareholders, employees and customers,” said Ian K. Walsh, Kaman Chairman, President and Chief Executive Officer.
“As we enter our next phase as a private company, we are confident that we will benefit from additional resources and expertise that will enable us to build upon our strong foundation and take full advantage of the hard work we have done these past several years to reposition our company.
“This new partnership will accelerate our transformational strategy and drive significant growth, innovation and value to our customers.”
Arcline said: “Kaman is an innovation-driven industry leader with a storied history and a strong portfolio of businesses supporting mission-critical end markets.
“We look forward to partnering with the Kaman team and supporting the Company’s continued success and growth as a trusted solutions provider of engineered components and subsystems to critically important programmes.”
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