Sept 8 (Reuters) – GE Aerospace said on Tuesday it would buy castings maker Consolidated Precision Products from investment firms Warburg Pincus and Berkshire Partners for $11.75 billion, in a bid to expand its supply-chain capabilities.
“Investing in mission-critical casting capacity is needed to support the strong simultaneous demand across commercial engines, aftermarket and defense,” CEO Larry Culp said.
The deal, likely to close in the second half of 2027, is expected to boost GE Aerospace’s adjusted profit per share and free cash flow in the first year.
(Reporting by Shivansh Tiwary in Bengaluru; Editing by Shilpi Majumdar)
Comments