Senior confirms considering sale of aerostructures unit
Engineering group Senior confirmed it was considering a sale of its aerostructure unit after recent speculation.
“It is Senior's policy to review its portfolio on an ongoing basis and evaluate all its operating businesses in terms of their strategic fit within the group,” the company said in a statement on Monday.
“Senior can confirm that it has been reviewing all strategic options for its Aerostructures business, which includes an early stage assessment of a potential divestment of the division. There can be no certainty that this will lead to a transaction.”
The aerostructure unit supplies parts for airplanes and is part of Senior’s aerospace business, which accounts for about 70% of overall revenue.