Meggitt Acquires Schreiner Canada

On December 24, 2004, Meggitt PLC, the international aerospace, defence and electronic sensors group based in the UK, acquired Schreiner Canada Ltd. (Schreiner) for a cash consideration of approximately C$6.8 million. Schreiner, a subsidiary of Netherlands-based Schreiner Luchtvaart Groep BV (Schreiner BV), which is wholly owned by CHC Helicopter Corp., assembles, services and operates unmanned air, ground and sea vehicles and targets for training military forces and the defence industry. Schreiner will form part of Meggitt’s Defence Systems division, the world leader in aerial free flying and towed targets, electronic scoring and electro-mechanical launch and recovery systems.

On the acquisition, Meggitt was represented by Stikeman Elliott LLP in Canada, and in the UK and by Clifford Chance LLP in the Netherlands. The Stikeman team comprised William Rosenberg and Selin Bastin (corporate), Frédéric Harvey and Jean-Guillaume Shooner (tax), Hélène Bussières (employment) and Benoît Dubord (corporate) in Montreal; and Maureen Tai (corporate) in London, England. They were assisted by Hein Broerse and Jeroen Thijssen (corporate) of Clifford Chance LLP in Amsterdam.

Schreiner BV was represented by its in-house counsel, Erik van Straaten, and by Kees Peijster, Aai Schaberg and Stephanie Kogels (corporate) of De Brauw Blackstone Westbroek in Amsterdam. The Schreiner team was provided with Canadian assistance by a team from Blake, Cassels & Graydon LLP that included Eric Elvidge and Julie Abraham (corporate) in Ottawa and Sheldon Vanderkooy (tax) in Toronto.