GKN plc

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  • 311.05p
  • 1.80p (0.58%)

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GKN share price: Group dismisses Melrose’s ‘misleading’ bid

GKN dismisses Melrose’s ‘misleading’ bid

FTSE 100 company argues premium is fake

22 hours ago

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About GKN plc

GKN Plc (LON:GKN) is a British multinational holding company which operates in global automotive, aerospace and land systems markets, including agriculture, construction and mining. It is headquartered in Redditch, Worcestershire, United Kingdom, and has facilities in more than 30 countries. The company was formerly known as Guest, Keen and Nettlefolds and can trace its origins back to 1759 and the birth of the Industrial Revolution.
Currently, GKN operates through four divisions: GKN Driveline -- a supplier of automotive driveline systems and solutions; GKN Powder Metallurgy -- a manufacturer of sintered components; GKN Aerospace -- a supplier of airframe and engine structures, components, assemblies and transparencies to a range of aircraft and engine prime contractors and other first tier suppliers; GKN Land Systems -- a supplier of technology differentiated power management solutions and services. In 2011, GKN sold its Aerospace Engineering division to Singapore-based Quest Global Services.
In 2002, GKN acquired a significant stake in -- and subsequently by 2004 took over the whole concern -- the Japanese manufacturer of differentials and driveline torque systems Tochigi Fuji Sangyo K.K, based in Tochigi-shi, prefecture Tochigi. In July 2012 GKN agreed to acquire the Swedish aerospace components manufacturer Volvo Aero from AB Volvo.
GKN is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

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