Global vehicle integrator and armour manufacturer NP Aerospace has acquired certain assets of Jankel Armouring Limited after it entered administration earlier this year, with the support of full-service law firm Shakespeare Martineau.
NP Aerospace has acquired Jankel Armouring Limited’s intellectual property, patents and inventory, and the right to transfer, assign and/or novate existing contracts. The acquisition will allow NP Aerospace to integrate a globally proven and successful vehicle product and support line into its already strong portfolio, which will now include Jankel Armouring Limited’s tactical vehicles, civilian armoured vehicles, armour technologies, seating systems and through life support services.
NP Aerospace CEO James Kempston said: “The announcement of the acquisition of Jankel Armouring Limited’s assets marks a significant phase of growth for the company, creating additional value for customers through new business synergies.
“Our immediate priority is to push forward with existing customer contracts and deliver successful programmes to a global customer base. Beyond that, this announcement is good news for the defence industry, enabling continuation of capability, products and supply, while enhancing a very strong global defence export line under the NP Aerospace brand.”
Shakespeare Martineau acted on behalf of NP Aerospace. The firm’s experts who worked on the deal included Andrew Taylor, Sean Moran and Sheena Tandy (restructuring and insolvency), Keith Spedding and Matthew Shephard (corporate), and Kim Walker (intellectual property).
Andrew Taylor (pic), partner and head of restructuring at Shakespeare Martineau, added: “The completion of this sale is beneficial for both parties – it will provide continuity to Jankel Armouring Limited’s customer base and create new opportunities for some of its skilled workforce, while NP Aerospace will continue to increase its market share and progress key contracts working with customers such as the Belgian Ministry of Defence. We are thrilled to have been involved and look forward to seeing the business thrive.”
