Sale of Schreiner Canada to Meggitt plc (United Kingdom)

Schreiner Canada is one of the leading parties in the military target and Unmanned Vehicles (UV) industry. The company develops, assembles, services and operates UVs and targets for training military forces and the defence industry. Meggitt is the world leader in the design, development and manufacture of free flight aerial marine and ground-based targetry including, towed targets and countermeasures, unmanned air vehicles, high speed reeling machines and electronic scoring systems, ammunition handling equipment and environmental control systems. Meggitt has 5,200 employees and is listed on the London Stock Exchange.

PhiDelphi Corporate Finance acted as advisor to Schreiner Canada.

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