Consultation outcome

Proposed acquisition of Ultra Electronics Holdings plc by Cobham Ultra Acquisitions Limited: draft undertakings

• From: Department for Business, Energy & Industrial Strategy
• Published: 23 June 2022
• Last updated: 6 July 2022 — See all updates

This was published under the 2019 to 2022 Johnson Conservative government

This consultation has concluded

Detail of outcome

The Secretary of State for Business, Energy and Industrial Strategy has accepted statutory undertakings from the parties involved in the proposed acquisition of Ultra Electronics Holdings plc by Cobham Ultra Acquisitions Limited and the acquisition will not therefore be referred to the Competition and Markets Authority for a further assessment.

Read the full decision.

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Original consultation

Summary

Consultation relating to the proposed acquisition of Ultra Electronics Holdings plc by Cobham Ultra Acquisitions Limited.

This consultation ran from
5pm on 23 June 2022 to 11:45pm on 3 July 2022

Consultation description

The Secretary of State for Business, Energy and Industrial Strategy is minded to accept legally binding undertakings offered in the proposed acquisition of Ultra, a UK defence company, by Cobham, a defence, aerospace, and communications company that was acquired by US private equity firm, Advent International, in January 2020.

The draft undertakings are published for consultation in accordance with the process set out in the Enterprise Act 2002. The Secretary of State will consider any representations made before making a decision about whether to accept the undertakings.

See the related public interest intervention notice.

Documents

Proposed acquisition of Ultra Electronics by Cobham: consultation notice

PDF, 127 KB, 3 pages

Proposed acquisition of Ultra Electronics by Cobham: privacy notice

HTML

Proposed acquisition of Ultra Electronics by Cobham: CMA report

PDF, 402 KB, 30 pages

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Proposed acquisition of Ultra Electronics by Cobham: draft undertakings

PDF, 241 KB, 22 pages

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Published 23 June 2022
Last updated 6 July 2022 + show all updates

1. 6 July 2022

   Link to final decision added.

2. 23 June 2022

   First published.