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Axillium to support, manage U.K.'s ASCEND program


Will Searle, chairman of Axillium. Photo Credit: Axillium
GKN Aerospace (Solihull, U.K.) announced in March that it is leading a new U.K. industry consortium called ASCEND (Aerospace and Automotive Supply Chain Enabled Development) to develop and accelerate composite manufacturing and processing of composites technologies for the next generation of energy-efficient aircraft and future mobility.
The £39.6 million consortium is funded by a £20 million commitment from industry and a £19.6 million commitment from the UK Government via InnovateUK and the Aerospace Technology Institute (ATI). It will focus on greater adoption of composite technologies, the industrialization of new technologies through the acceleration of commercial aerospace production rates to meet future flexible high-volume requirements. ....

West Berkshire , United Kingdom , City Of , West Bridgford , Texkimp Northwich , Assyst Bullmer Wakefield , Sigmatex Cheshire , Loop Technology Dorchester , Aerospace Solihull , Global Technology Centre , National Composites Centre , Aerospace Technology Institute , National Composites Center , Cobham Mission Systems Wimborne , Automotive Supply Chain Enabled Development , Kingdom Ltd , Will Searle , Photo Credit , United Kingdom Government , Assyst Bullmer , Cobham Mission Systems , Cygnet Texkimp , Hexcel Composites , Hive Composites , Loop Technology , Mclaren Automotive ,

Investegate |Cobham Limited Announcements | Cobham Limited: Statement re Rule 19.5(h) of the Takeover Code


AI Convoy Bidco Limited
Cobham Limited (formerly Cobham plc)
Post‑offer undertakings in relation to the acquisition of Cobham Limited (formerly Cobham plc) ( Cobham ) by AI Convoy Bidco Limited ( Bidco )
Report in compliance with Rule 19.5(h) of the Code
BACKGROUND
In relation to the acquisition of Cobham by Bidco on 17 January 2020 (the Effective Date ), each of Topco, Bidco and Cobham has given post‑offer undertakings under Rule 19.5 of the Code (each a

Post‑Offer Undertaking
and together the
Post‑Offer Undertakings
),
full details of which were set out in an RIS announcement dated 20 December 2019 (the POU Announcement )
, relevant
extracts from which are attached to this report as Appendix A. ....

United Kingdom , United States , Northern Ireland , Grand Duchy Of Luxembourg , Greg Bagwell , True Beck , Cobham Group Or United Kingdom , Aerospace Communications , Mission Systems Wimborne , Cobham Group Aviation Services , Ai Convoy Bidco , Ai Convoy Bidco Limited , United Kingdom Cobham Group , Corporate Finance , United Kingdom Cobham Group As Research , Fr Aviation Limited , Companies Register , Cobham Group Communications Connectivity , Advent International Corporation , Fb Heliservices Limited , European Union , Mission Systems United Kingdom , United Kingdom Communications Connectivity , Panel On Takeovers , International Financial Reporting Standards , Aerospace Connectivity ,

GKN Aerospace and partners launch ASCEND to accelerate high-volume composite technologies


Enabled
Development) to develop and accelerate composite material and process technologies for the next generation of energy efficient aircraft and future mobility.
The £40 million consortium, funded by a £20 million commitment from industry and a £19.6 million commitment from the UK Government via the Aerospace Technology Institute (ATI), will focus on greater adoption of composite technologies, the industrialization of new technologies, as well as accelerating aerospace production rates to meet future high-volume requirements. This includes the development of advanced material and automation equipment technologies across the U.K. supply chain to manufacture lightweight structures for the sustainable air mobility, aerospace and automotive industries. ....

City Of , United Kingdom , West Bridgford , Texkimp Northwich , Sigmatex Chesire , Assyst Bullmer , John Pritchard , Loop Technology Dorchester , Aerospace Redditch , National Composites Centre , Global Technology Centre In Bristol , Aerospace Technology Institute , Axillium Research , Cobham Mission Systems Wimborne , Automotive Supply Chain Enabled Development , Kingdom Ltd , United Kingdom Government , Cobham Mission Systems , Cygnet Texkimp , Hexcel Composites , Hive Composites , Loop Technology , Mclaren Automotive , Solvay Composite Materials , Des Composites , Global Technology Centre ,