GE Aerospace announced Tuesday it would acquire Consolidated Precision Products from investment firms Warburg Pincus and Berkshire Partners for $11.75 billion. The transaction aims to strengthen the aerospace giant’s in-house manufacturing capabilities and improve control over precision castings production used in aircraft engines. CPP is one of the world’s largest producers of precision castings and employs approximately 6,600 people across more than 20 facilities worldwide. The deal, expected to close in the second half of 2027, should boost GE Aerospace’s adjusted earnings per share and free cash flow in the first year. The implied valuation stands at 26 times CPP’s expected 2027 core profit, excluding integration-related benefits.
Source: Read the original article

