Sir Chris asks written question of the Secretary of State for Business, Energy and Industrial Strategy regarding the acquisition of Cobham Mission Systems
Christopher Chope Conservative, Christchurch
To ask the Secretary of State for Business, Energy and Industrial Strategy, whether the legally binding undertakings given to the Government by Advent International when its purchase of Cobham was agreed in 2020 remain valid in respect of Cobham Mission Systems following the further sale of that business by Advent International to Eaton; and if he will make a statement.
Paul Scully Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy), Minister of State (London)
The Government has been following closely the sale of Cobham Mission Systems to Eaton Corporation plc. The undertakings given to the Government by Advent International when it purchased Cobham in 2020 do not prevent the sale of the whole or parts of Cobham by Advent International. As a result of the sale of Cobham Mission Systems, Advent International is no longer bound by the undertakings in respect of Cobham Mission Systems. Any safeguards to address concerns arising from the sale of Cobham Mission Systems will be considered separately with the new owners.
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