Consultation outcome

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

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.


Original consultation

Summary

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

This consultation ran from
to

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: CMA report

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Proposed acquisition of Ultra Electronics by Cobham: draft undertakings

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email alt.formats@beis.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Updates to this page

Published 23 June 2022
Last updated 6 July 2022 + show all updates
  1. Link to final decision added.

  2. First published.

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