Saygrove sold to Triumph Group

Pennsylvania-based Triumph Group Inc – one of the world’s largest producers of aircraft components and accessories, and listed on the NYSE – acquired Saygrove Defence & Aerospace Group, Ltd, a provider of motion control and actuation products to the aerospace and defence industries. Initium advised the shareholders of Saygrove on the transaction.

Saygrove, located in Buckley, Flintshire, designs and builds proprietary advanced control products for flight actuation and motor control applications in all-electric aircraft and Unmanned Aerial Vehicles (UAVs). Its product range includes all-electric solutions, fully integrated electro-mechanical systems, multi-channel electronic controllers, motor/gearbox combinations, and a wide range of sensors. Following the transaction, Saygrove became known as Triumph Actuation & Motion Control Systems-UK Ltd.

This transaction is a good example of the appeal of specialist UK businesses to major international players. Initium received a number of approaches from interested parties across the world.