Proposed acquisition of Ultra Electronics Holdings plc by Cobham Ultra Acquisitions Limited: draft undertakings
Detail of outcome
The Secretary of State for Business, Energy and Industrial Strategy has accepted statutory undertakings from the parties involved in the proposed acquisition of Ultra Electronics Holdings plc by Cobham Ultra Acquisitions Limited and the acquisition will not therefore be referred to the Competition and Markets Authority for a further assessment.
Read the full decision.
Original consultation
Consultation description
The Secretary of State for Business, Energy and Industrial Strategy is minded to accept legally binding undertakings offered in the proposed acquisition of Ultra, a UK defence company, by Cobham, a defence, aerospace, and communications company that was acquired by US private equity firm, Advent International, in January 2020.
The draft undertakings are published for consultation in accordance with the process set out in the Enterprise Act 2002. The Secretary of State will consider any representations made before making a decision about whether to accept the undertakings.
Documents
Updates to this page
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Link to final decision added.
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First published.