Karman Holdings will acquire the U.K. manufacturer to bolster its aerospace and defense capabilities in Europe.
Karman Holdings (KRMN) announced an agreement to purchase U.K.-based Walker Precision Engineering for $94 million. The deal aims to expand Karman’s manufacturing footprint in Europe and enhance its support for missile and aerospace programs.
The acquisition was revealed at the Farnborough event, signaling a strategic move into high-precision engineering. Walker Precision’s capabilities are expected to complement Karman’s existing operations in defense and aerospace sectors.
No immediate market reaction was disclosed in the announcement.