Goodwin sells mechanical engineering stake to Cerberus for £1.1bn

Goodwin has agreed to sell a substantial stake in its mechanical engineering division to Cerberus Capital Management for up to £1.1 billion in cash, part of a strategic refocusing. The deal signals a major divestiture and potential balance-sheet strengthening, though the exact stake size and terms remain undisclosed. This is a notable corporate transaction in the UK industrial sector.