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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.
Cobham to sell aerial refuelling business to Eaton
02 February 2021
by Marc Selinger
Power management company Eaton has agreed to acquire Cobham Group’s Cobham Mission Systems (CMS) business for USD2.8 billion, expanding its defence portfolio, Eaton announced on 1 February 2021.
A Cobham Mission Systems refuelling pod flies under the left wing of a Boeing MQ-25 unmanned aircraft during a December 2020 test. (Boeing)
CMS makes air-to-air refuelling systems and has delivered more than 2,000 of them to defence customers for fixed-wing and rotary-wing aircraft. Its other military products include actuation devices and environmental control systems.
“Cobham Mission Systems’ complementary products and strong position on growing defence platforms will enhance our fuel systems business and position our Aerospace business for future growth,” said Heath Monesmith, president and chief operating officer of Eaton’s Industrial sector.