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Farewell to Meggitt Training, hello InVeris

26th October 2020 - 13:45 GMT | by Trevor Nash in Holsworthy

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Meggitt continues to shed its interests in the training and simulation industry

Meggitt Training Systems Inc (MTSI) has been sold to Pine Island Capital Partners for $146 million and as a result, MTSI has been rebranded as InVeris Training Solutions.

Parent company Meggitt’s share price dropped off a cliff in March due to COVID-19, falling from 690p to 223p and slumping to 217p on 1 April before recovering slightly.

Since selling aerial target specialists Meggitt Target Systems to QinetiQ in 2017, the UK-based aerospace and defence group seems to have lost interest in the training market.

As well as divesting itself of MTSI, other attempts by Meggitt to counter the economic effects of

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