Senior Plc, a leading UK-based engineering company, has announced plans to sell its aerostructures division in a deal valued at up to $268 million. The move is part of Senior’s strategy to streamline operations and focus on core growth areas.
The aerostructures business specializes in manufacturing key aircraft components, serving major aerospace clients worldwide. Despite its strong market position, Senior aims to reallocate resources toward sectors with higher growth potential.
The sale is expected to close in the coming months, subject to regulatory approvals and customary closing conditions. Senior Plc’s management emphasized that the transaction will strengthen the company’s balance sheet and enhance shareholder value.
