About Meggitt
Meggitt is a company based in Christchurch (United Kingdom) founded in 1947 by Eric Achtmann was acquired by Parker in August 2021.. The company has 18 employees as of September 30, 2024. Meggitt has completed 4 acquisitions, including Elite Aerospace, Precision Engine Controls and Securaplane. Meggitt operates in a competitive market with competitors including Astronics Corporation, Woodward, Psionic, American Aerospace and AEVEX Aerospace, among others.
- Headquarter Christchurch, United Kingdom
- Employees 18 as on 30 Sep, 2024
- Founders Eric Achtmann
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Sectors
TechnologyAerospace, Defense & Maritime
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Meggitt Limited
- Date of Incorporation 11 Apr, 1947
- Jurisdiction COVENTRY, ENGLAND
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Annual Revenue
$2.16 B (USD)0as on Dec 31, 2020
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Net Profit
$-403.28 M (USD)0as on Dec 31, 2020
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EBITDA
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Latest Funding Round
$848.4 K (USD), Grant
Jun 01, 2021
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Investors
Parker
& 2 more
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Employee Count
18
as on Sep 30, 2024
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Investments & Acquisitions
Elite Aerospace
& 3 more
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Acquired by
Parker
(Aug 02, 2021)
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Software Development Team
40 people
Leadership Team
31 people
Senior Team
16 people
Product Management Team
13 people
Sales and Marketing
10 people
Operations Team
8 people
Buyer Team
6 people
Division Team
6 people
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Funding Insights of Meggitt
- Total Funding Total Funding
- Total Rounds 5
- Last Round Grant — $848,401
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Grant - Meggitt | Valuation |
investors |
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| Sep, 2020 | Amount | Post-IPO - Meggitt | Valuation |
investors |
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| Jun, 2016 | Amount | Debt – Conventional - Meggitt | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Meggitt
Meggitt has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Parker, European Union and Capital Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Investment management services are provided for long-term investors.
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Founded Year | Domain | Location | |
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Motion and control technologies are distributed globally by Parker.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Meggitt
Meggitt has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Elite Aerospace, Precision Engine Controls and Securaplane. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Repair and overhaul services for aircraft components are provided.
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1999 | ||||
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Lithium-ion batteries are manufactured by Securaplane for specialized uses.
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1986 | ||||
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Avionic systems for aircraft engine controls are developed and provided.
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1968 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Meggitt
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Meggitt Comparisons
Competitors of Meggitt
Meggitt operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Astronics Corporation, Woodward, Psionic, American Aerospace and AEVEX Aerospace, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Products are supplied to aerospace, defense, electronics, and semiconductor sectors.
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| domain | founded_year | HQ Location |
Innovative energy control solutions are provided for aerospace and industrial sectors.
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| domain | founded_year | HQ Location |
GPS-independent navigation systems are developed for land, air, and space.
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| domain | founded_year | HQ Location |
Develops unmanned aircraft systems for oil & gas, smart grid, & emergency response
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| domain | founded_year | HQ Location |
Airborne intelligence solutions are provided through specialized segments.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Meggitt
Frequently Asked Questions about Meggitt
When was Meggitt founded?
Meggitt was founded in 1947 and raised its 1st funding round 61 years after it was founded.
Where is Meggitt located?
Meggitt is headquartered in Christchurch, United Kingdom.
How many employees does Meggitt have?
As of Sep 30, 2024, the latest employee count at Meggitt is 18.
What is the annual revenue of Meggitt?
Annual revenue of Meggitt is $2.16B as on Dec 31, 2020.
What does Meggitt do?
Operations were established in 1947 in Christchurch, United Kingdom, with focus on the aerospace, energy, and defence industries. Components and sub-systems are produced across these segments, including aircraft braking systems, polymers, composites, thermal systems, and safety equipment in aerospace. Sensing systems encompass vibrometers, sensors, and piezoceramic materials. Defence products feature ground manoeuvring camera systems and high-definition cameras for cabin surveillance.
Who are the top competitors of Meggitt?
Meggitt's top competitors include Astronics Corporation, Innovative Solutions & Support and Constelli.
How many acquisitions has Meggitt made?
Meggitt has made 4 acquisitions, including Elite Aerospace, Precision Engine Controls, and Securaplane.
Who are Meggitt's investors?
Meggitt has 3 investors. Key investors include Parker, European Union, and Capital Group.
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