British aeroplane parts supplier Meggitt (MGGT.L) said it agreed to buy U.S. component maker Pacific Scientific Aerospace from Danaher (DHR.N) for $685 million, boosting its product range. Meggitt, which supplies products such as flight displays and wheels to planemakers Airbus and Boeing (BA.N), will fund the purchase by placing 69.8 million shares, or roughly 10 percent of its share capital. "The acquisition of PSA ... represents a further major step in the strategic growth and development of the Meggitt Group and fits well into Meggitt's business model," Meggitt's Chief Executive Terry Twigger said in a statement.
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