Mahindra Aerospace Australia today announced that it has executed a share purchase agreement with George Morgan for the sale of its entire stake in some units. The deal is valued at AUD 1.2 billion.
The sale of the units is part of Mahindra Aerospace Australia’s ongoing strategy to focus on its core businesses and to exit non-core assets. The company will use the proceeds from the sale to invest in its core businesses, including helicopter manufacturing and aerospace engineering.
“We are pleased to announce the sale of our stake in these units,” said Mr. John Taylor, Managing Director, Mahindra Aerospace Australia. “This is a strategic move that will allow us to focus on our core businesses and to invest in our future growth.”
“We are confident that George Morgan is the right partner to take these units forward,” said Mr. Taylor. “George Morgan has a strong track record of success in the aerospace industry and we are confident that they will continue to grow and develop these units.”
The sale is expected to be completed in the next few months.
About Mahindra Aerospace Australia
Mahindra Aerospace Australia is a leading aerospace company in Australia. The company designs, manufactures, and supports a range of aerospace products, including helicopters, aircraft components, and aerospace engineering services. Mahindra Aerospace Australia has a strong presence in the Australian market and is also expanding its international presence. The company is committed to providing innovative and high-quality products and services to its customers around the world.
About George Morgan
George Morgan is a leading investment firm in Australia. The firm invests in a wide range of industries, including aerospace, mining, and financial services. George Morgan has a strong track record of success in the Australian market and is also expanding its international presence. The firm is committed to providing its investors with long-term value.