Belrise Industries Limited has announced the signing of a Share Purchase Agreement (SPA) for the acquisition of 100% of the issued share capital of Chester Hall Precision Engineering Holdings Limited, a UK-based aerospace and defense engineering firm. This strategic move is designed to significantly expand Belrise’s global footprint and technological capabilities within the aerospace and defense sector. The transaction is valued at £13.2 million, plus a deferred/earn-out component.
Strategic Acquisition in UK Defense Sector
Belrise Industries Limited confirmed the signing of a Share Purchase Agreement on March 18, 2026, to acquire the entire share capital of Chester Hall Precision Engineering Holdings Limited (the “Target”). The Target is a company incorporated in England and Wales, which, along with its 100% subsidiary, is engaged in specialized engineering, manufacturing, and supply of components for the aerospace, aviation, space, and defense industries.
Deal Structure and Valuation
The consideration payable for the 100% acquisition of the Target’s share capital is set at £13.2 million. This acquisition cost is structured as a cash consideration which includes a component of deferred consideration, potentially adjustable based on achievement of specified financial targets.
The Target has an annual turnover for the year ending December 31, 2024, of approximately GBP 19.95 Million (£19,945,607.41). The acquisition is explicitly described as being conducted on an arm’s length basis, with no related party interests involved.
Rationale and Timeline
This transaction aligns with Belrise Industries’ overarching strategic objective to aggressively expand into the aerospace and defense sector, strengthen its international presence, and bolster its long-term technological foundation. No specific governmental or regulatory approvals are anticipated to be required for the acquisition to proceed.
The completion of the acquisition is projected to occur within 20 business days from the SPA signing date, subject to the fulfillment of all conditions precedent detailed in the agreement.
Target Entity Financial History (Turnover in £)
| From year | To year | Turnover (in £) |
| 01/01/2024 | 31/12/2024 | 19,945,607.41 |
| 01/01/2023 | 31/12/2023 | 17,731,750.92 |
| 01/01/2022 | 31/12/2022 | 15,289,746.16 |
Source: BSE
