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Meggitt buys Vibro-Meter for pounds 42m

MEGGITT, the specialist engineer, announced the acquisition of Vibro-Meter for pounds 42.2m cash from Electrowatt. Vibro-Meter, based in Switzerland, is a world leader in the design and manufacture of vibration monitoring systems for propulsion units used in commercial aircraft, helicopters, military aerospace and industrial installations, said Meggitt. I

Vibro-Meter is to be run in conjunction with Endevco Corporation. "They are an excellent fit and will form a world class business with a turnover in excess of pounds 75m, serving the aerospace, automotive and medical sectors," said Meggitt.