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Timelapse of ExoMars rover assembly
A timelapse movie records the assembly of a test model of Europe's ExoMars 2020 rover.
ExoMars: Getting ready to drive on the Red Planet
Engineers finish assembly of the test model for Europe's ExoMars rover mission.

GKN beaten by Melrose in takeover fight

GKN flag
Reuters

Melrose Industries has won control of the UK engineering giant GKN.

The investment company said it had the support of approximately 52.43% of GKN investors.

Melrose, which specialises in turning around manufacturing companies, had offered £8.1bn for the company.

GKN is headquartered in Redditch and has its biggest factory in Filton, where it employs 1,454 workers.

Other plants in the UK include Cowes, Birmingham, Luton, Telford, Kings Norton, Portsmouth, Uxbridge, Leek and Oxford.

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BreakingGKN loses independence battle to Melrose

BBC Breaking News
BBC

Melrose Industries has won control of the UK engineering giant GKN.

The investment company said it had the support of approximately 52.43% of GKN investors.

Melrose, which specialises in turning around manufacturing companies, had offered £8.1bn for the company.

Christopher Miller, Chairman of Melrose said: "We are delighted and grateful to have received support from GKN shareholders for our plan to create a UK industrial powerhouse with a market capitalisation of over £10 billion and a tremendous future.

"We are looking forward to working with GKN's talented workforce and to delivering for customers and all stakeholders. Melrose has made commitments as to investment in R&D, skills and people and we are very excited about putting these into action.

"Let me assure you that GKN is entering into very good hands."