Gowling WLG advises Meggitt on investment in HiETA Technologies Ltd

3 minute read
07 January 2020

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Gowling WLG has assisted the in-house team at Meggitt (UK) Ltd led by Hugh Clayton, Fergus Munro and Kate Coulson on its investment in HiETA Technologies Ltd - a UK company with world-leading capabilities in metal additive manufacturing.

Meggitt (UK) Ltd is a subsidiary of Meggitt PLC, a leading international company specialising in high performance components and subsystems for the aerospace, defence and selected energy markets.

Its investment will accelerate the development of the next generation of thermal systems for aerospace and energy applications, and enables a new generation of high performance and light weight thermal systems to be brought to the market at a critical time for sustainable aviation and lower carbon power generation solutions.

Corporate partner Hugh Maule led a cross-firm team assisting Meggitt on the transaction, with support from Kat McGriskin, Mel Mapstone and Gowling WLG's transaction services team. Due diligence input was provided by various lawyers across the firm.

Hugh said: "We're pleased to support Meggitt with its investment in HiETA, which is an exciting collaboration for the company to start the decade with."

Meggitt said its experience in designing and manufacturing advanced heat exchanger technologies for mission-critical aerospace and industrial applications complements HiETA Technologies' experience in designing and using additive manufacturing to build high-performance components for aerospace, defence and motorsport applications.

Hugh Clayton, Group Director of Engineering & Strategy at Meggitt, said: "With a 160 year track record in bringing technology to the aerospace, defence and energy markets, innovation is at the heart of everything we do.

"This is an exciting collaboration with HiETA and we're proud to partner with them to push the frontiers of innovation. We look forward to a productive partnership which will shape our future: collaborating on additive manufacturing and thermal system technology to enable the next generation of more sustainable aircraft propulsion systems and greener energy systems; ensuring a sustainable future for the generations to come.

Kate Coulson, Senior Legal Counsel, Meggitt PLC said: "The team at Gowling WLG know our business well and we are thankful for their help in driving this investment to completion."

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