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ST Engineering secures approval for US acquisition

15 April 2019
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Singapore Technologies Engineering (ST Engineering) has received approval from the Committee on Foreign Investment in the United States (CFIUS) in support of its proposed acquisition of US aerospace company MRA Systems (MRAS).

ST Engineering said on 14 April that it has now “obtained all applicable regulatory approvals to consummate the proposed acquisition” of MRAS, which is a subsidiary of General Electric company GE Aviation.

ST Engineering said that subject to remaining conditions being satisfied or waived it expects to close the acquisition soon. Following the conclusion of these conditions, MRAS will be a wholly owned subsidiary of ST Engineering’s US company Vision Technologies Aerospace Incorporated.

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