Taunton Manufacturer's Future Secured
Taunton Aerospace has acquired the Taunton based aerospace components business of Thales Optronics (Taunton) Ltd.
The new business will continue to manufacture aerospace products, including pitot tubes, attitude monitors and various couplings at its current location at Lisieux Way, Taunton. Pitot tubes are used to measure airspeed through the measurement of air pressure.
Customers for their aerospace components and instruments include blue chip organisations such as the RAF, BAE Systems and other major aircraft operators.
The firm’s history goes back to 1939 when Avimo Ltd was formed in Taunton.
Gary Francis, Managing Director of Taunton Aerospace was previously the Managing Director of Thales Optronics (Taunton) Ltd before it was relocated to Glasgow earlier this year.
Gary said “This deal means we can keep a business employing a highly skilled workforce of 16 in Taunton and continue to offer products and service that export to worldwide locations. With a number of new products for the US expected to come on stream next year, the company aims to be a major player in the air data market.”
Foot Anstey’s Antonia Power said “We are delighted to assist Gary complete this deal which is good news for Taunton and a sign of the vibrancy of the engineering industry in the area.”
Advisors to the transaction were Foot Anstey, solicitors and Albert Goodman, accountants.
Published 17/12/2007
