Cerberus to Acquire Substantial Part of Goodwin's Mechanical Engineering Division
Cerberus Capital Management has agreed to acquire a substantial part of the Mechanical Engineering Division of Goodwin plc for up to approximately £1.1 billion, subject to regulatory approvals and customary conditions. The acquisition includes several key subsidiaries such as Goodwin Steel Castings Limited and Easat Group, which provide high-integrity solutions across aerospace, defence, nuclear, power, and mining sectors globally. The transaction is expected to close in the first quarter of 2027 and will maintain operations headquartered in Stoke-on-Trent. Cerberus plans to support continued growth and enhance production capacity for UK-based manufacturing, particularly supporting the AUKUS programme with the UK Ministry of Defence. This acquisition aligns with Cerberus' Supply Chain strategy aimed at strengthening national security and supply chain resilience across Western-allied nations. Since 2022, Cerberus has made over two dozen strategic investments in critical sectors such as aerospace, microelectronics, power, and telecommunications.
Topics: AUKUS program defense investment strategy manufacturing